Tuesday, April 8, 2014

PSU IDA decreased to 88.4% from 01.04.2014, Order issued

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PSU IDA decreased to 88.4% from 01.04.2014, Order issued
No. W-02/0002/2014-DPE (WC) –GL -VII/14
Government of India
Ministry of Heavy Industries & Public Enterprises
Department of Public Enterprises
Public Enterprises Bhawan
Block 14, CGO Complex,
Lodi Road, New Delhi-110003
Dated: 3rd April 2014
OFFICE MEMORANDUM 
Subject:- Board level and below Board level posts including non-unionised supervisors in Central Public Sector Enterprises (CPSEs)- Revision of scales of pay w.e.f. 01.01.2007 - Payment of IDA at revised rates-regarding.
In modification of this Department's O.M. of even No. dated 07.01.2014, the rate of DA payable to the executives and non-unionized supervisors of CPSEs (2007 pay revision) may be as follows:
(a) Date from which payable: 01.04.2014

(b) Average AICPI (2001=100) for the quarter Dec'2013 -Feb' 2014
December, 2013 239
January, 2014 237
February, 2014 238
Average of the quarter 238

(c) Link Point 126.33 (as on 01.01.2007)

(d) Increase over link point: 111.67 (238 minus 126.33)

(e) Revised DA Rate w.e.f. 01.04.2014: 88.4% [(111.67 ][26.33) x 100]
 
2. The above rate of DA i.e. 88.4% would be applicable in the case of IDA employees who have been allowed revised pay scales (2007) as per DPE O.M. dated 26.11.2008, 09.02.2009 & 02.04.2009.
3. All administrative Ministries/ Departments of the Government of India are requested to bring the foregoing to the notice of the CPSEs under their administrative control for necessary action at their end.
Sd/-
(Samsul Hague)
Under Secretary
Source-http://bsnleuchq.com/DPE%20order%20on%20IDA%20april.pdf

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