Centre clears DA hike from 90% to 100%

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DA hike
New Delhi, Feb 28: Benefiting approximately 50 lakh employees and 30 lakh pensioners, the DA hike has been cleared by the Cabinet. This is likely to be the second DA hike in a row.

The last announcement in September 2013 was to 90%, effective from July 1, 2013. Official sources had already hinted of the hike saying that it would not be less than 10%.

The decision was finally stamped after the Consumer Price Index for Industrial Workers (CPI-IW) for December was released today.

As per the norm, the government uses this report of the last 12 months to arrive at a quantum for the purpose of any DA hike. [Read previous report]

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