Thursday, September 16, 2010

Release of additional instalment of dearness allowance to Central Government employees and dearness relief to Pensioners due from 1.7.2010 to compensate for price rise

The Union Cabinet today decided to release an additional instalment of Dearness Allowance (DA) to Central Government employees and Dearness Relief (DR) to pensioners w.e.f. 1.7.2010 representing an increase of 10% over the existing rate of 35% of the Basic Pay/Pension, to compensate for price rise. The increase is in accordance with the accepted formula, which is based on the recommendations of the 6th Central Pay Commission.

The combined impact on the exchequer on account of both Dearness Allowance and Dearness Relief will be of the order of Rs. 9303.2 crore per annum and Rs. 6202.1 crore in the financial year 2010-2011 (for a period of 8 months from July,2010 to February, 2011).
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(source-PIB)

7 comments:

  1. if an exservicemen re-employed in psu bank, can he get DR as well as dearness allowance admissible in bank

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  2. Yes. Reemployed exservicemen can draw DA on his pay in Bank also on pension.

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  3. is there any circular on this?, if yes, then kindly intimate us through this site.
    Regards.

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  4. can you please provide authority.....

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  5. Very confusing because no proper literature available....

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  6. 1. As per iba letter dt 30. 01.2014 M.S.P. Portion of pay in r/o post 01.01.2006 retirees will not be taken into account for Pay protection in PSU BANKS.
    2. DA ADMISSIBLE ON PENSION AND UN-PROTECTED PAY FOR PBORs only. If PAY PROTECTION AVAILED ONLY PENSION ADMISSIBLE TILL PENSIONER EMPLOYED IN psu/state govt/centre govt.
    YOUR FELLOW VETERAN.....

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  7. Dear all,
    logon to aiebef or nexcc to get more updates.

    ReplyDelete