DA is now 100%, benefiting 50L government staff and 30L pensioners.
TIMES NEWS NETWORK
New Delhi: The Union Cabinet on Friday raised dearness allowance to 100% from 90%, benefiting 50 lakh employees and 30 lakh pensioners.
The government has also cleared the way for the merger of 50% DA with basic pay by approving it among the terms of reference of the 7th Pay Commission. Now the commission can suggest the merger in its interim report, an official said. He added that the 50% DA merger with basic pay will roughly increase the gross salaries of central government employees by around 30%.
The Cabinet approved the proposal to release an additional installment of DA and dearness relief (DR) to pensioners with effect from January 1, 2014, in cash, but not before the disbursement of the salary for the month of March 2014 at the rate of 10% increase over the existing rate of 90%, said an official statement. Central government employees, as well as pensioners, are entitled to DA/DR at the rate of 100% of the basic with effect from January 1, 2014, it said.
The government has estimated that the combined impact on the exchequer on account of both DA and DR would be Rs 11,074.80 crore every year.
Source:
Times of India, 1/3/2014
From India, Malappuram
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1446TIMES NEWS NETWORK
New Delhi: The Union Cabinet on Friday raised dearness allowance to 100% from 90%, benefiting 50 lakh employees and 30 lakh pensioners.
The government has also cleared the way for the merger of 50% DA with basic pay by approving it among the terms of reference of the 7th Pay Commission. Now the commission can suggest the merger in its interim report, an official said. He added that the 50% DA merger with basic pay will roughly increase the gross salaries of central government employees by around 30%.
The Cabinet approved the proposal to release an additional installment of DA and dearness relief (DR) to pensioners with effect from January 1, 2014, in cash, but not before the disbursement of the salary for the month of March 2014 at the rate of 10% increase over the existing rate of 90%, said an official statement. Central government employees, as well as pensioners, are entitled to DA/DR at the rate of 100% of the basic with effect from January 1, 2014, it said.
The government has estimated that the combined impact on the exchequer on account of both DA and DR would be Rs 11,074.80 crore every year.
Source:
Times of India, 1/3/2014
From India, Malappuram
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Vote-catching tactics of the outgoing government.
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From India, Lucknow
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From India, Lucknow
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