New Delhi: The cabinet on Thursday approved a six percent hike in the dearness allowance paid to central government employees and pensioners, entailing additional expenditure of Rs.6,020 crore till March 31, 2010.
"The hike will be effective January 1 and will be payable from March 1," Home Minister P Chidambaram said.
He was briefing reporters after a cabinet meeting chaired by External Affairs Minister Pranab Mukherjee in the absence of Prime Minister Manmohan Singh, who is recuperating from coronary bypass surgery.
"The outgo for fiscal 2009-10 will be Rs.5,149 crore. For the 14 months from January, the outgo will be Rs.6,020," Chidambaram added.
There are some four million central government employees and some three million pensioners.
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