The over four-million central government employees will go home with an increased pay packet from now, with the Union cabinet on Friday hiking the dearness allowance to 65% of the basic salary from the existing 58% with retrospective effect from Jan 1 this year. The hike, about 7%
from the present rates, will also be applicable to central government pensioners. The increase is in accordance with the accepted formula, which is based on the recommendations of the Sixth Central Pay Commission.
The combined impact on the exchequer on account of both dearness allowance and dearness relief would be of the order of Rs.7474.53 crore annually and Rs 8720.32 crore in the financial year 2012-13 (for a period of 14 months from January 2012 to February 2013).
news from
Fri,23 Mar 2012
from the present rates, will also be applicable to central government pensioners. The increase is in accordance with the accepted formula, which is based on the recommendations of the Sixth Central Pay Commission.
The combined impact on the exchequer on account of both dearness allowance and dearness relief would be of the order of Rs.7474.53 crore annually and Rs 8720.32 crore in the financial year 2012-13 (for a period of 14 months from January 2012 to February 2013).
news from
Fri,23 Mar 2012
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