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Today Government of India announced a five per cent increase in the dearness allowance for the central government employees and pensioners, with retrospective effect from July 2009.

Ambika Soni,Information and Broadcasting Minister, told reporters that the the impact for the current fiscal would be Rs 2903.55 crore as the increase would be in force for nine months only from July 2009 to March 2009 and the combined force on the exchequer on account of the hike in dearness allowance and relief would be of the order of Rs 4,355.35 crore for a full year.