Friday, March 7, 2008

government employees likely

After the loan waiver for farmers, the United Progressive Alliance (UPA) government is likely to dole out goodies to the central government employees and pensioners on Friday.
According to authoritative sources, the cabinet meeting on Friday is likely to announce a six per cent increase in the dearness allowance (DA) of the central government employees and pensioners.
"The government's popularity has sky-rocketed with a good railway budget and the union budget, which has granted a Rs.600 billion loan waiver to over 40 million farmers," said a UPA leader.
A central minister, not wishing to be named, said: "The (DA) announcement will only further improve the credibility of this government. The opposition BJP (Bharatiya Janata Party) is fully demoralized."
"While (Leader of Opposition) L.K. Advani says the loan waiver came a day too late, (BJP president) Rajnath Singh says the government acted in great hurry. They are baffled by the move," he added.

1 comment:

SRI SAIRAM COMPUTERS said...

Central Government employees’ DA raised by 6%

Zeenews Bureau

New Delhi, March 07: As a festival gift to the Central government employees, the Union Cabinet on Friday decided to increase the Dearness Allowance (DA) by 6 per cent and an identical rate of dearness relief to pensioners before Holi. The DA will be increased from 41 per cent of the gross salary to 47 per cent.

The hike will be applicable from January 1, 2008, which means that the employees will also get the salary arrears just before Holi.

"The Union cabinet today gave its approval to release of additional installment of dearness allowance to the central government employees and dearness relief to pensioners," Information and Broadcasting Minister P R Dasmunsi told reporters after the cabinet meeting that was chaired by Prime Minister Manmohan Singh.

The combined impact on the exchequer on account of both da and dearness relief would be rs 3,297.12 crore in a full year and Rs 3,846.66 crore for the 14-month period from January 2008-February 2009, he said.