Tuesday, July 17, 2012

Punjab hikes 12% D.A. from January 1, 2012

The Punjab government today announced raising Dearness Allowance (DA) for state government employees and pensioners by 12 per cent with effect from January 1, 2012.

With the approval of Punjab Governor Shivraj V Patil, the rate of dearness allowance has been enhanced from 127 to 139 per cent of the unrevised basic pay with effect from January 1, 2012, said State Finance Minister Parminder Singh Dhindsa in a release.
Dhindsa said the whole amount on account of enhanced dearness allowance due for the period from January 1 to June 30, 2012 would be credited to the General Provident Fund (GPF) account of employees.
He said this amount would be deemed as additional amount in the GPF accounts and the interest on this amount would be payable from the first day of next month.
He said from July 1, 2012, enhanced dearness allowance would be paid in cash.
The Finance Minister said in case of pensioners, the entire amount on account of enhanced dearness allowance would be paid in cash with effect from January 2012.
Source : Indian Express

No comments :

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.

Blog Archive