Thu, Sep 10, 2015, 07:55 AM
Union cabinet approved a proposal to hike DA by 6 per cent to 119 per cent of the basic pay. It would be effective from July 1, 2015. This will benefit about 50 lakh government employees and 56 lakh pensioners. Narendra Modi cabinet also gave the nod to issue gold bonds that individuals can invest in instead of buying it in physical form.