Finance Ministry has reviewed the position regarding availability and distribution of all denomination of bank notes. Some of the highlights of the review and the decisions taken.
Government of India
Ministry of Finance
Department of Economic Affairs
November 13, 2016
Press Release
Today (13.11.2016) Finance Ministry has reviewed the position regarding availability and
distribution of all denomination of bank notes. Some of the highlights of the review and the decisions taken are as follows:
1....
Sunday, 13 November 2016
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Drastic Reduction of Dearness Allowance (DA) to Central Government Employees, Opted in 7th
Pay Scale
Dear friends,
As you are
aware that 7th Pay Commission has computed 125% DA out of 125.75% due as
on 1.1.2016 and 0.75% become due has been ignored. But according to
earlier practice/agreement, this 0.75% has to be carry forwarded for
calculating DA as on 1.7.2016. If the fraction carries forwarded the
actual DA due as on 1.7.2016 shall...
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