NEW DELHI: The government is likely to announce a hike in dearness allowance to 90 per cent from existing 80 per cent in September, benefiting about 50 lakh central employees and 30 lakh pensioners ahead of the festival season.
According to official sources, the preliminary assessment suggests that dearness allowance hike will be in the range of 10-11 per cent and would be effective from July 1 this year.
He said the exact number could be calculated only when the revised all India Consumer Price Index for Industrial Workers (CPI-IW) for the month of June will be released on August 30.
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