In order to benefit over 50 lakh employees and over 30 lakh pensioners, the Cabinet
also approved terms of reference for seventh pay commission. This
includes merging dearness allowance above 50 per cent with basic pay.
Currently DA is around 90 per cent of basic pay and another hike of 10
per cent is expected soon. DA is calculated on the basis of change in
retail inflation.
Source: Hindu Business Line News
No comments:
Post a Comment