CABINET COMMITTEE APPROVED 10% DEARNESS ALLOWANCE HIKE FOR CENTRAL GOVERNMENT EMPLOYEES AND PENSIONERS

The Union Cabinet today approved to increase in Dearness Allowance by 10% to Central Government employees.

The rate of Dearness allowance shall be enhanced from the existing rate of 90% to 100%.

Revised rates effective from 1.1.2014.

Finance Ministry will publish detailed orders regarding this issue within this month.

The post CABINET APPROVED 10% DEARNESS ALLOWANCE HIKE FOR CENTRAL GOVERNMENT EMPLOYEES AND PENSIONERS appeared first on CENTRAL GOVERNMENT EMPLOYEES NEWS.

Government today approved the proposal to ensure Rs 1,000 minimum monthly pension under a scheme of retirement fund body EPFO that would immediately benefit 28 lakh pensioners.

The decision to provide the entitlement under Employees’ Pension Scheme-95, run by the Employees’ Provident Fund Organisation, was taken by the Union Cabinet in its meeting held here.

The move will immediately benefit about 28 lakh pensioners including five lakh widows. There are 44 lakh pensioners.

Source: Central Government Staff News
[http://centralgovernmentstaffnews.blogspot.in/2014/02/government-approves-rs-1000-min-monthly.html]

The post Government approves Rs 1,000 min monthly pension under EPS-95 appeared first on CENTRAL GOVERNMENT EMPLOYEES NEWS.

The hike would be effective from January 1, 2013 and the employees and pensioners will be entitled to arrears.

The decision to raise the DA will impose an additional annual burden of Rs 8,629.20 crore on the exchequer, Information and Broadcasting Minister Manish Tewari told reporters after the meeting of the Union Cabinet.

Taking into account the additional outgo for the January- March period, the total burden during the current financial year would be Rs 10,067 crore.

The government had hiked DA to 72 per cent in September last year. It had come into effect from July 1, 2012.

As per the practice, the DA is merged with basic pay when it breaches the 50 per cent cap.
This helps employees get higher allowances as they are paid as proportion of the basic pay.

PTI

The post Dearness Allowance hiked to 80%; to benefit all central government employees, pensioners appeared first on CENTRAL GOVERNMENT EMPLOYEES NEWS.

The Union Cabinet today gave its approval to release an additional installment of Dearness Allowance (DA) to central government employees and Dearness Relief (DR) to pensioners w.e.f. 1.1.2013 representing an increase of 8% over the existing rate of 72% of the Basic Pay/Pension, to compensate for price rise.The rate of DA from 1.1.2013 will be 80%. The increase is in accordance with the accepted formula, which is based on the recommendations of the 6th Central Pay Commission.

An increase in DA would have benefitted about 50 lakh employees and 30 lakh pensioners.

The Central Government employees and pensioners will become entitled to higher amount of dearness allowance / relief respectively 1.1.2013.

The post Dearness Allowance hiked by 8% – 2013 for Central Government Employees appeared first on CENTRAL GOVERNMENT EMPLOYEES NEWS.

THE CENTRAL GOVERNMENT TODAY APPROVED TO RELEASE A EIGHT PER CENT HIKE IN DEARNESS ALLOWANCE TO CENTRAL GOVERNMENT EMPLOYEES AND PENSIONERS, THIS HIKE IS TO BE EFFECTIVE RETROSPECTIVELY FROM JANUARY 2013…

THE DEARNESS ALLOWANCE AND DEARNESS RELIEF FOR CENTRAL GOVERNMENT SERVING EMPLOYEES AND PENSIONERS WILL INCREASE FROM 72% PER CENT OF BASIC EMOLUMENTS TO 80% PER CENT WITH EFFECT FROM 1.1.2013 TO COMPENSATE FOR PRICE RISE.

VISITORS ARE REQUESTED TO KEEP WATCH ON THIS BLOG TO VIEW THE OFFICIAL ORDER FROM FINANCE MINISTRY REGARDING DA AND DR HIKE AS AND WHEN RECEIVED, WILL BE PUBLISHED..!

The post CABINET APPROVES 8% HIKE IN DEARNESS ALLOWANCE FOR CENTRAL GOVERNMENT EMPLOYEES AND PENSIONERS… appeared first on CENTRAL GOVERNMENT EMPLOYEES NEWS.

The Union Cabinet is likely to approve a proposal to increase dearness allowance (DA) of central government employees by 8% on Thursday.

The move to increase D.A. from 72% to 80% will benefit around 50 lakh employees and 30 lakh pensioners of the central government.

“The Union Cabinet may consider the finance ministry proposal to increase DA in its meeting scheduled for Thursday,” a source said, adding the hike would be effective from January 1, 2013 and employees and pensioners would be entitled to arrears.

The government had raised DA to 72% in September last year, which had come into effect from July 1, 2012.

As per usual practice, DA is merged with basic pay when it breaches the 50% cap. This helps employees get higher allowances as those are paid as proportion of the basic pay.
Source : Times of India and Zee News

Source: www.paycommissionupdate.blogspot.in
[http://paycommissionupdate.blogspot.in/2013/04/media-report-hints-central-da-hike-today.html]

The post Media report hints Central D.A. hike today appeared first on CENTRAL GOVERNMENT EMPLOYEES NEWS.

Reeling under the inordinate delay, nearly fifty lakh Central Government employees and Pensioners are likely to get approval eight percent hike in Dearness allowance today.

The proposal to hike in the Dearness allowance from 72% to 80% to CG Staff and Pensioners, the Cabinet Committee may approve the agenda to increase Dearness allowance in its meeting scheduled for Thursday, sources said.

Early the Finance Ministry issued authentic orders to release enhanced payment at revised rates on DA to all ministries/departments to all eligible employees…

Finance Ministry order on Dearness allowance with effect from January year wise report…

DA from Jan 2013 (1.1.2013)  – ?

DA from Jan 2012 (1.1.2012) – 03.04.2012

DA from Jan 2011 (1.1.2011) – 24.03.2011

DA from Jan 2010 (1.1.2010) – 26.03.2010

DA from Jan 2009 (1.1.2009) – 13.03.2009

DA from Jan 2008 (1.1.2008) – 17.03.2008

DA from Jan 2007 (1.1.2007) – 22.03.2007

The post Leading Newspapers gives green signal to approve DA today appeared first on CENTRAL GOVERNMENT EMPLOYEES NEWS.

“The proposal on DA has been deferred as the Finance Minister was not present,” Information and Broadcasting Minister Manish Tewari told reporters after the Cabinet meeting chaired by Prime Minister Manmohan Singh here.

The post DA News : Decision on hiking dearness allowance deferred appeared first on CENTRAL GOVERNMENT EMPLOYEES NEWS.

As per reliable sources that the Union Cabinet Committee likely to approve the Finance Ministry proposal to hike the Dearness allowance and Dearness relief by 8% today.

An another additional Dearness allowance from Jan 2013 to all Central Government Employees and Pensioners is expected to declare by the Central Government on 2.4.2013, after the Union Cabinet approval. The agenda is expected to be approved by the committee today in the afternoon. Nearly 50 lakh employees and 30 lakh pensioners will get the benefit by this hike with minimum of Rs.560 per month.

After the Cabinet approval, Finance Ministry may issue necessary orders immediately to all Departments/Ministries to issue enhanced payment by cash.

The post Cabinet Committee likely to approve DA today appeared first on CENTRAL GOVERNMENT EMPLOYEES NEWS.

All Central Government employees and Pensioners are expecting the announcement of additional Dearness allowance from Union Government.

Today obliviously, Cabinet will declare the enhancement of the Dearness allowance by 8% from Jan 2013 to all Central Government Staff and Pensioners, unfortunately there is no information about the meeting and the agenda yet..!

We expect the Union Cabinet meeting will meet in next week, the approval also will get in the next meeting.

The post Additional DA for Central Government Employees and Pensioners from Jan 2013 – Delays in getting cabinet approval..! appeared first on CENTRAL GOVERNMENT EMPLOYEES NEWS.