Monday, March 17, 2014

Increase in Industrial Dearness Allowance for PSU Employees

Posted by Government Staff on 8:05 AM. ,,,,, - No comments

Increase in Industrial Dearness Allowance for PSU Employees

Industrial Dearness Allowance (IDA) for employees of various Central Public Sector Enterprises (CPSEs) is revised regularly on a quarterly basis, based on the All India Consumer Price Index (AICPI) data published by the Labour Bureau, Ministry of Labour & Employment. The latest orders on the IDA, due with effect from 01.01.2014, for employees drawing pay in 1987, 1992, 1997 and 2007 scales of pay were issued separately, on 07.01.2014.

As per the above orders, the rates of DA were revised to 90.5 % & 221.7 % of pay for employees of CPSEs drawing pay in 2007 and 1997 scales of pay, respectively. The Quantum of DA payable to employees of CPSEs drawing 1992 scales of pay are as follows:

Basic PayDA Rates
Upto Rs.3500399.9% of pay subject to a minimum of Rs. 8790/-
Above Rs.3500 and upto Rs.6500299.9% of pay subject to a minimum of Rs. 13997/-
Above Rs.6500 and upto Rs.9500239.9% of pay subject to a minimum of Rs. 19494/-
Above Rs 9500199.9% of pay subject to a minimum of Rs. 22791/-
For employees of CPSEs drawing 1987 scales of pay, the Quantum of DA was enhanced by Rs. 290/-.

Above statement was given by Min of Heavy Industries and PE in reply of undermentioned Lok Sabha Question:-

GOVERNMENT OF INDIA
MINISTRY OF HEAVY INDUSTRIES AND PUBLIC ENTERPRISES
LOK SABHA

UNSTARRED QUESTION NO 3605
ANSWERED ON 13.02.2014
  
INCREASE IN ALLOWANCE FOR PSU EMPLOYEES

3605 . Dr. BALI RAM

Will the Minister of HEAVY INDUSTRIES AND PUBLIC ENTERPRISES be pleased to state:-

(a) whether the Industrial Dearness Allowance of the employees/officers working in various Public Sector Undertakings (PSUs) has been enhanced;

(b) if so, the details thereof; and

(c) the time by which the said proposal is likely to be finalised?


ANSWER
THE MINISTER OF HEAVY INDUSTRIES AND PUBLIC ENTERPRISES (SHRI PRAFUL PATEL)

(a) to (c): ** as above **
Source: karnmk.blogspot.in
[http://karnmk.blogspot.in/2014/03/increase-in-industrial-dearness.html]

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