Expected new D.A. might be announced by the cabinet today.. - ALLCGNEWS

Central Government Employment News

Post Top Ad

22 March 2011

Expected new D.A. might be announced by the cabinet today..



   The new DA, which will be effective from January 1, is provided to government staff and pensioners to compensate them for rising prices.Presently, the DA is paid at 45 per cent of the basic pay.

   The increase in DA by 6 per cent, sources said, would be in accordance with the formula prescribed by the Sixth Pay Commission for central government employees.

   The decision will provide direct relief to around 50 lakh employees and 38 lakh pensioners.
The DA is revised twice in year with effect from January 1 and July 1.

   The relief comes amid high retail prices, as inflation has been ruling above 9 per cent.
The Consumer Price Index (Industrial Workers), which is the basis for revising dearness allowance, was 9.47 per cent in December and 9.30 per cent in January.


No comments:

Post a Comment

Feel free to drop your comments and suggestions

Disclaimer

The contents and information given in this blog are purely informative in nature and should not under any circumstances be taken as authority. Allcgnews blog may contain typographical errors in its contents. All efforts had been made to ensure accuracy of the content on this blog. The same should not be construed as a statement of law or used for any legal purposes. ALLCGNEWS accepts no responsibility in relation to the accuracy, completeness or otherwise, of the contents. Users are advised to verify/check any information with the relevant departments and to obtain any appropriate professional advice before acting on the information provided in the blog. We cannot guarantee the availability linked pages at all times.

Post Top Ad