Union Cabinet likely to approve 10% DA hike on Friday
It is expected that the announcement of a 10% DA increase will be out on coming Friday. Every six months, the central government employees are given DA on the basis of the increase in the prices of essential commodities. According to that and AICPIN value, the DA calculation shows a 10% increase.
Due to this announcement, 50 lakh employees and 30 lakh pensioners will be benefitted. This is the third time that 10% DA increase is announced since 1.1.2006. On 1.7.2010 and 1.1.2013 we already received 10% DA increase. Now, after the announcement on 1.1.2014 this becomes the third time.
This DA increase will be implemented from 1.1.2014.
The announcement of a 50% DA merger, interim relief and retirement age of 62 are very eagerly expected by central government employees. We have to wait and see when these announcements are going to be made.
source-http://www.7thpaycommissionnews.com/2014/02/union-cabinet-likely-to-approve-10-da.html