Expected DA: Cabinet may approve 10% DA hike in September 2013
Cabinet Committee likely to approve ten per cent Dearness allowance hike next month.
According to the press report of PTI News, the preliminary assessment suggests that dearness allowance hike will be in the range of 10-11 per cent and would be effective from July 1st this year.
Central Government employees and Pensioners are expecting the announcement of 10% additional Dearness allowance and Dearness relief in earlier of September to avoid unnecessary stress.
The minimum amount of Rs.740 would be increased per month to all Central Government employees with effect from 1st July, 2013. According to their basic pay (Pay in the pay band + Grade Pay) the amount will be increased and also hike in Transport Allowance.
Usually, arrears for the month of July and August would be paid in September and from September would be paid in salary itself. More than eighty lakh existing and retired employees are benefiting the pay hike, particular in the festival season.