Centre is likely to hike dearness allowance (DA) to 125% from existing 119%
The Centre is likely to hike dearness allowance (DA) to 125% from existing 119%, which would benefit its over 10 million employees and pensioners.
“Average rate of Consumer Price Index-Industrial Labour from January to December, 2015 was 6.73%. Thus, the Centre will increase dearness allowance by six percentage points to 125% from existing 119% as per accepted formula for calculation,” Confederation of Central Government Employees and Workers President K K N Kutty told PTI.
Read more at : DNA India