CABINET APPROVES 7% HIKE IN DEARNESS ALLOWANCE FOR CENTRAL GOVT. STAFF.

UNION CABINET MET TODAY EVENING HAS APPROVED A PROPOSAL TO HIKE ADDITIONAL DEARNESS ALLOWANCE BY 7% FOR CENTRAL STAFF AND CENTRAL PENSIONERS.

THE CENTRAL GOVERNMENT TODAY APPROVED A SEVEN PER CENT HIKE IN DEARNESS ALLOWANCE TO CENTRAL GOVERNMENT EMPLOYEES AND PENSIONERS, THIS HIKE IS TO BE EFFECTIVE RETROSPECTIVELY FROM JULY 2012.

THE DEARNESS ALLOWANCE AND DEARNESS RELIEF FOR CENTRAL GOVERNMENT SERVING EMPLOYEES AND PENSIONERS WILL INCREASE FROM 65% PER CENT OF BASIC EMOLUMENTS TO 72% PER CENT WITH EFFECT FROM 1.7.2012.