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Dearness allowance up by 7 per cent

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Monday, September 24, 2012, 18:25:27 (IST)
 
NEWS FLASH

The union cabinet on Monday hiked dearness allowance by 7 per cent. It was increased from 65 per cent to 72 per cent of basic pay.

The move will benefit about 50 lakh central government employees and 30 lakh pensioners.

The hike will be effective from July 1, 2012, and employees would be entitled for arrears from this date.
 

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