Sunday, October 23, 2011

PUNJAB GOVT ANNOUNCES 7% DA HIKE



CHANDIGARH. October 22, 2011. The Punjab government on Saturday announced to release another instalment of dearness allowance (DA) of 7%, enhancing it from 51 to 58% with effect from July 1 on the pattern of the central government, a government spokesperson said.
This move would put an additional burden of Rs 445 crore on the exchequer this fiscal, the spokesperson said, adding that DA arrears till October 31 would be deposited in the GPF (general provident fund) of employees, while after November 1 it would be paid in cash. HTC

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