Government employees' pay packets will get fatter, with the Cabinet on Thursday approving three per cent hike in dearness allowance.
This was informed by Union Commerce Minister Kamal Nath after the Cabinet meeting, chaired by Prime Minister Manmohan Singh.
Cabinet also cleared the proposal to allow split of stocks of State Bank of India by amending the SBI (Subsidiary Bank) law, the minister said.
The stock split would enable greater participation of retail investors.