CABINET APPROVES 7% HIKE IN DEARNESS ALLOWANCE...
CABINET APPROVES 7% HIKE IN DEARNESS ALLOWANCE...
UNION CABINET APPROVED A PROPOSAL TO HIKE ADDITIONAL DEARNESS ALLOWANCE BY 7% FOR CENTRAL STAFF AND CENTRAL PENSIONERS...
THE CENTRAL GOVERNMENT ON FRIDAY APPROVED A SEVEN PER CENT HIKE IN DEARNESS ALLOWANCE TO CENTRAL GOVERNMENT EMPLOYEES AND PENSIONERS, THIS HIKE IS TO BE EFFECTIVE RETROSPECTIVELY FROM JAN 2012...
THE DEARNESS ALLOWANCE AND DEARNESS RELIEF FOR CENTRAL GOVERNMENT SERVING EMPLOYEES AND PENSIONERS WILL INCREASE FROM 58% PER CENT OF BASIC EMOLUMENTS TO 65% PER CENT WITH EFFECT FROM 1.1.2012.
Comments
Businessman watch this news on TV and increase the rates and his profit.He feels that a single govt emplyoee will get a very big share out of this 7.6 crore. But he does not understand that a single top most employee get nearly 3000/- a month increase, out of which he has to pay 30% income tax. Rest will be taken by price hike by these shopkeepers. Media never talk about income tax, which these shop keepers do not pay. There is 7% increase but shopkeepers inlate rates by 15%. This all money goes in the pocket of these businessman.
With regards
Mamta