Dearness Allowance (DA) by 7 per cent to 58 per cent, effective July 1, 2011 TNS

Submitted by lovekesh on Fri, 16/09/2011 - 6:46am

DA hiked by 7%
Tribune News Service

New Delhi, September 15
The government has raised the Dearness Allowance (DA) by 7 per cent to 58 per cent, effective July 1. Nearly five million Central government employees and four million pensioners would benefit.

“Dearness Allowance of central government employees has been raised from 51 per cent to 58 per cent. The hike is effective from July 1, 2011,” Information and Broadcasting Minister Ambika Soni said after a Cabinet meeting, chaired by Prime Minister Manmohan Singh.

Soni said the hike in dearness allowance would provide major relief to the employees and pensioners as prices of essential commodities have been consistently rising. “Total financial implication due to the hike will be Rs 7,228.76 crore per annum. In the current fiscal, it will be Rs 4,819.22 crore,” Soni said.

The Cabinet also approved the Approach Paper for the 12th Five Year Plan (2012-13 to 2116-17), which targets 9 per cent growth.