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Central government DA increases to 107%!
Posted on: 01/Sep/2014 2:28:48 PM
The central government has planned to raise the DA for its employees to 107%.
Currently, the DA is fixed at 100%. The plan is to raise it to 107%.
A finance department official informed:
Commercial inflation has increased by 7.25% during the period 1st July, 2013 to 30th June. 2014. Hence, the central government has planned to increase the DA by additional 7%. It is learnt that the department of finance has recommended this rise.
This DA increase will benefit 30 Lakhs working employees and 50 lakhs retired employees.
The previous UPA government had raised the DA earlier from 90% to 100%. That was made effective from 1st January with retrospective effect.
Central government employees have been demanding over along period to link the basic pay & DA. This demand is yet to be decided. However, the rise of DA to 107% has not been welcomed with any enthusiasm or cheers.
