Dearness Allowance hiked to 80% for central govt employees

Subscribe to GoodReturns
For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts
    Dearness Allowance hiked to 80% for central govt employees
    The Union Cabinet on Thursday gave its approval to release an additional installment of Dearness Allowance (DA) to central government employees.
     

    This will come with effect from 01.01.2013 at the rate of 80 percent over the existing rate of 72 percent.

    The DA is usually merged with basic pay when it breaches the 50 per cent cap. This move will help employees to get higher allowances as they are paid as proportion of the basic pay.

    Thus, the combined impact on the exchequer on account of both DA and DR would be of the order of Rs.8629.20 crore per annum and Rs. 10067.36 crore in the financial year 2013-14 (that is for a period of 14 months from January, 2013 to February, 2014).

    GoodReturns.in

    Read more about: dearness allowance
    Story first published: Friday, April 19, 2013, 10:10 [IST]
    Company Search
    Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

    Find IFSC

    We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more