Sunday, September 18, 2011

DA hiked by 7%


New Delhi, September 15 - The government has raised the Dearness Allowance (DA) by 7% to 58%, effective July 1. Nearly five million Central government employees and four million pensioners would benefit. “Dearness Allowance of central government employees has been raised from 51 per cent to 58 per cent. The hike is effective from July 1, 2011,” Information and Broadcasting Minister Ambika Soni said after a Cabinet meeting, chaired by Prime Minister Manmohan Singh.

Soni said the hike in dearness allowance would provide major relief to the employees and pensioners as prices of essential commodities have been consistently rising. “Total financial implication due to the hike will be Rs 7,228.76 crore per annum. In the current fiscal, it will be Rs 4,819.22 crore,” Soni said.
The Cabinet also approved the Approach Paper for the 12th Five Year Plan (2012-13 to 2116-17), which targets 9 per cent growth.

(Source-Tribune News Service)

5 comments:

  1. hike in da only releif to the pensioner

    ReplyDelete
  2. Sir,. Do not find notification still,though the declaration has been mede by the Govt. Expect the payment of hiked amount only after notification of The Govt. Thanks

    ReplyDelete
  3. THE FREQUENT INCREASE IN D.A DOES NOT ADD ANYTHING TO THE LIFE OF A PENSIONER, SINCE HE IS ALREADY STRIVING FOR HAND TO MOUTH INCOME.

    WHAT THE GOVERNMENT/THE REGULATOR/CONTROLLER SHOULD ENSURE THAT THE SHARP INCREASE OF PRICES ON SHORT SUPPLY OF COMMODITIES, SHOULD BE STOPPED.

    ENABLING THE FARMERS/PRODUCES TO GET REASONABLE PROFIT, THAN LOOT.

    THE SYSTEM OF M.R.P (MAXIMUM ROBBERY PERMITTED) SHOULD BE REPLACED WITH COST OF PRODUCTION / TRANSPORTATION / COMMISSION TO DEALERS AND MAXIMUM SALE PRICE.

    ReplyDelete
  4. In Service BenefitsECHSPolicy Letters
    Treatment of Senior Citizens
    8 months ago by admin | Comments ( 6 ) | Views ( 929 )
    Source : Admin Team

    1. Further to Central Org letter No B/49701-PR/AG/ECHS dated 15 Mar 2007.

    2. The following will be treated as Senior Citizens :-

    (a) Males - 75 Yrs & above.

    (b) Females - 70 Yrs & above.

    3. You are requested to pass suitable instructions to all concerned.

    (Narinder pal Singh)
    Col
    Dir (Ops & Coord)

    Authority :Central Org lettre No B/49701-PR/AG/ECHS dt 19 Nov 2007

    THE SENIOR CITIZEN AGE IS 60 YEARS FOR MALE FOR ALL DEPARTMENT INCLUDING INCOME TAX. FOR WOMEN SOME TREAT 60 YEARS SOME 55 YEARS & SOME EVEN 45 YEARS,BUT IN ANY CASE ALL WOMEN ABOVE 60 YEARS ARE ALSO SENIOR CITIZENS

    KINDLY UP DATE YOUR LETTERS & ISSUE FRESH INSTRUCTIONS.

    ReplyDelete
  5. THE DA HAS CROSSED 50 % IN JAN,2011. THE BASIC PENSION WAS ALSO REQUIRED TO BE ENHANCED BY 25 % i. 1.5 TIMES
    ON MERGER THE ENHANCED PENSION IS 1.5 TIMES OF BASIC PAY/PENSION.
    THUS DA YET TO BE PAID ON ENHANCED BASIC PENSION IS AS FOLLOWS.
    1. FROM 1/1/2011 TO 1/6/2011
    [BASIC PENSION+HALF BASIC PENSION] X 1 %
    2.FROM 1/7/2011 TO TO-DATE
    [BASIC PENSION+HALF BASIC PENSION] X[1+ 7=8] %

    ReplyDelete