Dearness Allowance (DA) raised to 10 % for Central Government Employees and pensioners from july 2010.It has been approved by Cabinet – Ministry of Finance ahead of the featival season. This Dearness Allowance (DA) has been considered as the high rate of inflation in the past six months.
The decision to raise the dearness allowance over the basic pay from 35 to 45 per cent to compensate the rising prices will cost the exchequer an additional Rs.9,303.2 crore per annum, the spokesperson said, adding the new allowance would come into effect from July 1, 2010.
