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Bhopal Cabinet hikes DA by seven percent

ANI  |  Bhopal (Madhya Pradesh) [India] 

As a New Year gift for six lakh employees, the Cabinet on Tuesday gave approval to increase the Dearness Allowance by seven percent, effective from July 1, 2016.

The hike in allowance will now stand at 132 percent.

Dearness allowance and dearness relief is provided to employees and pensioners to neutralise the impact of price rise on their earnings.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)