Union Cabinet may approve 10% DA hike next Friday

 It seems that Union Cabinet is going to approve hiking 10% dearness allowances which increases existing dearness allowances from 90% to 100%. If it happens it will be beneficiary for 50 lakh central government employees and near about 30 lakh pensioners.

An official said, 'Union Cabinet is going to take a proposal to hike in dearness allowances for its employees from 90% to 100% next Friday.

As per provisional data of CPI (Consumer Price Index) for Industrial workers of past 12 months the retail inflation for Industrial workers was at 9.13 percent. So, DA hike would not be less than 10 percent which would effect from 1st January 2014,
according to the official. Lets see what happens  in Cabinet meeting on next Friday i.e. on 28th February,2014.