Central govt employees get 7% DA

Greater Kashmir

New Delhi, Sep 15: Ahead of the festival season, the government Thursday raised the dearness allowance of central government employees and pensioners by 7 percent effective July 1 in view of the stubbornly high inflation.
 Besides the five million central government employees, about four million pensioners will stand to benefit from the decision, taken by the Union Cabinet.
 “Dearness allowance of central government employees is raised from 51 percent to 58 percent. The hike is effective from July 1, 2011,” Information and Broadcasting Minister Ambika Soni told reporters here after a cabinet meeting chaired by Prime Minister Manmohan Singh Thursday.
 Soni said the hike in dearness allowance would provide major relief to the employees and pensioners as prices of essential commodities have been consistently rising.
 “The total financial implications due to the hike will be Rs 7,228.76 crore per annum. During the current financial year it will be Rs 4,819.22 crore,” Soni said.
 Nearly five million central government employees and four million pensioners would benefit from the decision.
 Soni said the government was taking a series of measures to minimize the impact of rising prices on the common people. IANS