Friday, February 15, 2013
Thursday, February 7, 2013
NEW DA PAYABLE TO CENTRAL GOVERNMENT EMPLOYEES MIGHT BE ENHANCED FROM 72% TO 80% WITH EFFECT FROM JANUARY 2013
THE RATE OF DEARNESS ALLOWANCE PAYABLE TO
CENTRAL GOVERNMENT EMPLOYEES MIGHT BE ENHANCED FROM 72% TO 80% WITH EFFECT FROM
JANUARY 2013
All
India Consumer Price Index Number for Industrial Workers is the only Index
watched keenly by each and every Central Government Employees now. Because the
rate of Dearness allowance granted twice in a year for cg employees is
determined by this Index only. It is irony that no one is happy to see the hike
in prices of essential commodity, but all the government servants are eagerly
awaiting to know how much the rate of Dearness allowance will be increased at
the end of every 12 months from the month of January and July. The interesting
thing to be noted in dearness allowance vs AICPIN_IW is that the AICPIN-IW
reflects the increase in the prices of basket of essential commodities,
whereas, the rate of dearness allowance reflects the increase or decrease in AICPIN-IW.
It is quite obvious that the AICPIN – IW is always in the trend of increasing
mode due to the price rise, so as the rate of dearness allowance is also
increasing twice in a year.
Whatever
the impact on the exchequer of the government on account of releasing
additional installment of dearness allowance and dearness relief is inevitable.
The additional installment of dearness allowance and dearness relief to central
government employees and pensioners is released particularly to compensate for
price rise. The increase is determined in accordance with the accepted formula,
which is based on the recommendations of the 6th Central Pay Commission.
Saturday, January 19, 2013
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