All Banks asked to calculate 6% Dearness Relief for central government pensioners

All Banks asked to calculate 6% Dearness Relief for central government pensioners All banks have been asked to calculate revised amount of pension following the recent six per cent hike in Dearness Relief (DR), the Centre has said. The President is pleased to decide that the DR payable to central government pensioners and family pensioners shall be enhanced from the existing rate of 119 per cent to 125 per cent with effect from January 1, 2016,” an order issued by Ministry of Personnel, Public grievances and Pensions said. “It will be...

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Rajasthan government announced six per cent hike in the Dearness Allowance (DA) of its employees.

Rajasthan government announced six per cent hike in the Dearness Allowance (DA) of its employees. Dearness Relief (DR) for the pensioners has also been increased by six per cent. The DA hike would be effective from January 1, 2016, a release said. The prevalent DA of the state government employees was 119 per cent and has been increased to 125 per cent of the basic pay. Nearly eight lakh employees and 3.5 lakh pensioners would be benefited by these hikes, it said. DA hike would also be applicable for employees of the Panchayat Samitis and...

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