Giving relief to its employees and pensioners from Inflation, the Centre on Friday, 23rd March 2012, announced a seven percentage point increase in Dearness Allowance which will cost the exchequer an additional Rs 7,500 Crore.
The new DA of 65% of basic pay against 58% earlier will be applicable retrospectively from 01 January 2012. The decision was taken by the Union Cabinet. It will benefit about 50 Lakh employees and 30 Lakh pensioners.
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