Millennium Post
Business

In rare response to inflation, govt ups DA to 100%

In a rare move to soften the impact of inflation that has been crushing the people, the union cabinet on Friday raised the dearness allowance (DA) to 100 per cent from 90 per cent, benefiting 50 lakh government employees and 30 lakh pensioners. The hike will be effective from 1 January this year.

According to the provisional data released by government on 31 January, the retail inflation for factory workers in December was 9.13 per cent.

The corporate sector and its collaborators among bureaucrats, ‘economists’, business analysts and journalists rapped this pro-people measure of the 10-year UPA regime, which has usually served foreign and domestic corporates at ordinary Indians’ expense.
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