Dearness Allowance
As of June 2012, dearness allowance (DA) is calculated as a percentage of an Indian citizen's basic salary and was introduced to mitigate the impact of inflation upon low income earners. Indian citizens may receive a basic salary or pension that is then complemented by a housing and/or dearness allowance; the guidelines that govern the DA vary according to the area of residence (for example, rural or urban).(Allowances paid to employees in order to enable them to face the increasing dearness of essential commodities. )
Read more about Dearness Allowance: History, Rates of Dearness Allowance
Famous quotes containing the words dearness and/or allowance:
“What we obtain too cheap we esteem too lightly; it is dearness only that gives everything its value.”
—Thomas Paine (1737–1809)
“Sometimes, because of its immediacy, television produces a kind of electronic parable. Berlin, for instance, on the day the Wall was opened. Rostropovich was playing his cello by the Wall that no longer cast a shadow, and a million East Berliners were thronging to the West to shop with an allowance given them by West German banks! At that moment the whole world saw how materialism had lost its awesome historic power and become a shopping list.”
—John Berger (b. 1926)