Thursday, September 15, 2011

Central D.A. from July 2011 and bonus for Rail staff to be announced today

Update : Central D.A. announced, CLICK HERE TO VIEW DETAILS
The Cabinet may on Thursday raise dearness allowance (DA) for central government employees and dearness relief (DR) for pensioners by 7 percentage points to 58% of the basic pay/pension.

The last hike in DA was in March when the government increased it by 6 percentage points. The Cabinet is expected to take a decision in this regard on Thursday, sources said. The Cabinet is also expected to clear a proposal for giving productivity linked bonus to Railway employees for the year 2010-11, sources added.

With the proposed DA hike, the basic pay of the central government employees (or pensioners as the case may be) would go up by 36% over a two-year period. The hikes will be implemented from July 1, 2011. The combined impact on the exchequer on account of both DA and DR increase between January 2009 and January 2011 is estimated to have crossed Rs 16,000 crore. The measure is set to provide relief to a total of around 5 million central government employees and around 4 million pensioners.
The change in DA, which is linked to the consumer price index, has lead to a further change in other allowance structure since rate breached the 50% of basic pay mark in March. For instance, payments like conveyance allowance and children’s education allowance have also gone up by 25%. This hike is in accordance to the formula given in the sixth pay commission report which says: “The rates of these allowances will be increased by 25% every time the DA payable on revised pay scales goes up by 50%.” As a result, there will also be an increase in the special compensatory allowance for the central government employees posted in remote areas such as the north-east and Jammu & Kashmir. Their special allowance also goes up by 25% the moment the 50% trigger was breached. The increased DA and DR are expected to help the households of central government employees and pensioners who are already exposed high inflation.
Source : The Financial Express

No comments :

Contact Us

Viewers may share any information with the administrator in this email shyamali00@gmail.com
Any news, if approved, may be published in this blog under his /her name.

.................RECENT HEADLINES

Related Posts with Thumbnails

Blog Archive

Do You Know These?:

Bookmark This Page

Bookmark and Share
All the information published in this webpage is submitted by users or free to download on the internet. I make no representations as to accuracy, completeness, currentness, suitability, or validity of any information on this page and will not be liable for any errors, omissions, or delays in this information or any losses, injuries, or damages arising from its display or use. All information is provided on an as-is basis. All the other pages you visit through the hyper links may have different privacy policies. If anybody feels that his/her data has been illegally put in this webpage, or if you are the rightful owner of any material and want it removed please email me at "shyamali00@gmail.com" and I will remove it immediately on demand. All the other standard disclaimers also apply.