Rumors spread very fast this afternoon that central cabinet approved terms of reference of seventh CPC and agreed to merge 50% of D.A. with basic pay for central employees and pensioners. Some of the popular websites and media sites started flashing this news. A cabinet meeting did took place today but according to sources, it was not discussed in the meeting due to paucity of time.
Merger of D.A., granting interim relief and enhancing superannuation age are definitely being actively considered by the Govt. but nothing has been materialized as of now.
F.M. is proceeding to Australia for a five days official tour and it is most likely that cabinet will take any decision only after his return from abroad.
So good news may be expected in the next weekend.
Courtesy : http://90paisa.blogspot.in