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Dearness Allowance 7% hike from January,2012 will be declared on March 22, 2012

Dearness Allowance 7% hike from January,2012 will be declared on March 22, 2012

New Delhi, Mar 17, 2012: The Central government on thursday i.e.22/03/2012 will announce to release of seven percent Dearness Allowance (DA) to its employees and pensioners.
Dearness Allowance hike will be declared on Mar 17, 2012.
“The Central cabinet, which will meet on thursday i.e.22/03/2012 under the chairmanship of Prime Minister, Manmohan Singh will accord administrative approval to payment of DA to government employees and pensioners – revised rates effective from January 1, 2012,” Government reliable source indicated.

With the increase of seven percent, the rate of DA, it would go up from 58 to 65 percent.

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