Central govt to hike DA by 10 percent; 80
lakh employees, pensioners to get benefit
According to official source, dearness
allowance hike will be 10 percent and would be effective from July 1, this
year.
The sources further said the exact amount
of dearness allowance, as a proportion of basic pay, works out to over 90
percent after factoring in the revised all India Consumer Price Index for
Industrial Workers (CPI-IW) for June.
According to revised data released on
August 30, retail inflation for factory workers for June stood at 11.63
percent, higher than provisional estimate of 11.06 percent for the month
released on July 31.
Sources said that since the revised
estimate for the month of June is available, the Finance Ministry would soon
prepare a proposal for the purpose for seeking Union Cabinet nod.
They further said the proposal will be
moved this month. There would be a double digit hike in DA after about three
years. It was last in September, 2010, that the government had announced a hike
of 10 percent to be given with effect from July 1, 2010.
DA was hiked to 80 percent from 72 percent
in April, 2013, effective from January 1, this year. As per the practice, the
government uses CPI-IW data for past 12 month or a year to arrive at a number
for the purpose of any DA hike. Thus, the retail inflation for industrial
workers between July, 2012 to June, 2013 will be used to take a final decision.
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