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NEW DELHI: Reeling under the impact of
diesel price hike and high inflation, the 80 lakh central government employees and
pensioners are likely to soon get seven per cent increase inDearness Allowance.
The proposal to increase the DA from 65
per cent to 72 per cent is likely to be taken up by theUnion Cabinet tomorrow, sources said.
The decision, which would benefit about
50 lakh of employees and 30 lakh pensioners of the central government, comes in
the backdrop of government increasing the diesel price by Rs 5 per litre and retail inflation crossing the double
digit mark.
The hike, once approved, will be
effective from July 1, 2012, and the employees would be entitled for arrears
from this date.
The government had increased DA last in
March this year from 58 per cent to 65 per cent, which was effective from
January 1, 2012.
The government periodically hikes the
DA, which is linked to consumer price index for industrial workers. The consumer price
index(CPI) based on movement in retail prices, soared to 10.03 per cent in
August, from 9.86 per cent in July.
In order to protest against the hike in
diesel prices, coupled with the decision to operationalise the FDI in
multi-brand retail, the opposition parties have called for a nation-wide strike
today.
Source : The Economic Times, Sept 20, 2012
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