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.