Friday, April 19, 2013

Dearness Allowance hiked to 80%; to benefit all central government employees, pensioners

Union Cabinet on Thursday approved the proposal to increase dearness allowance (DA) to 80 percent, from existing 72 percent, benefiting about 50 lakh employees and 30 lakh pensioners of the central government.
The hike would be effective from January 1, 2013 and the employees and pensioners will be entitled to arrears.

The decision to raise the DA will impose an additional annual burden of Rs 8,629.20 crore on the exchequer, Information and Broadcasting Minister Manish Tewari told reporters after the meeting of the Union Cabinet.

Taking into account the additional outgo for the January- March period, the total burden during the current financial year would be Rs 10,067 crore.

The government had hiked DA to 72 per cent in September last year. It had come into effect from July 1, 2012.

As per the practice, the DA is merged with basic pay when it breaches the 50 per cent cap.
This helps employees get higher allowances as they are paid as proportion of the basic pay.

PTI

PIB Press Release on Dearness Allowance : Release of additional installment of DA to CG Staff and DR to CG Pensioners, due from 1.1.2013

PIB Press Release on Dearness Allowance : Release of additional installment of DA to CG Staff and DR to CG Pensioners, due from 1.1.2013
Press Information Bureau 
Government of India
Ministry of Finance 

18-April-2013 20:45 IST

Release of additional instalment of Dearness Allowance to central government employees and Dearness Relief to pensioners, due from 1.1.2013 
 
The Union Cabinet today gave its approval to release an additional installment of Dearness Allowance (DA) to central government employees and Dearness Relief (DR) to pensioners with effect from 01.01.2013 at the rate of 8 percent over the existing rate of 72 percent. 
Thus, the combined impact on the exchequer on account of both DA and DR would be of the order of Rs.8629.20 crore per annum and Rs. 10067.36 crore in the financial year 2013-14 (that is for a period of 14 months from January, 2013 to February, 2014).

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