DEARNESS ALLOWANCE FOR CG EMPLOYEES
Govt employees to get 10% hike in DA as retail prices rise
SHIMLA: Central and state government employees would get 10 per cent additional dearness allowance with effect from July 1 this year, on the basis of retail price inflation.
The 12 monthly moving averages of consumer price index for industrial workers (CPI-IW), which determined the biannual revision of DA in January and July every year, rose to 167.9 points.
The Central and other state government employees, who are paid DA linked to CPI-IW, would get 45 per cent of basic pay as DA from July 1.
The DA had increased by 8 per cent in January 2010 and with this, the hike during the past 12 months (July 2009 to June 2010) would be 18 per cent — the highest ever after the launch of the new series of CPI-IW in 2000.
Courtesy : Economic Times