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Friday, 6 July 2018

Payment of DA to Board level/below Board level executives and non-unionized supervisors following IDA scales of pay in CPSEs on 1987 and 1992 basis


Payment of DA to Board level/below Board level executives and non-unionized supervisors following IDA scales of pay in CPSEs on 1987 and 1992 basis

DA

F.No.W-02/0003/2014-DPE (WC)-GL-XVII/18
Government of India
Ministry of Heavy Industries & Public Enterprises
Department of Public Enterprises
Public Enterprises Bhawan

Block 14, CGO Complex,
Lodi Road, New Delhi-110003
Dated: 4th July, 2018
OFFICE MEMORANDUM

Subject :- Payment of DA to Board level/below Board level executives and non-unionized supervisors following IDA scales of pay in Central Public Sector Enterprises (CPSEs) on 1987 and 1992 basis.

The undersigned is directed to refer to para No. 4 of this Department’s O.M. No. 2(50)/86-DPE (WC) dated 19.07.1995 wherein the rates of DA payable to the executives holding Board level post have been indicated. In accordance with the DA scheme spelt out in Annexure-III of the said O.M, the installments of DA become payable from 1? January, 1? April, 1st July, 1st October, every year based on the price increase above quarterly Index average of 1099 (1960=100).

2. In continuation of this Department’s O.M. of even No. dated 03.04.2018, the rates of DA payable to the executives of CPSEs holding Board level post, below Board level post and Non-Unionized Supervisors following IDA pattern of 1992 pay scales may be modified as follows:
(a) Date from which payable: 01.07.2018
(b) AICPI (Linked to 1960=100) for the quarter Mar.2018.- May 2018
March, 2018     - 6552
April, 2018        -  6572
May, 2018         - 6596
Average of the quarter - 6573
(c) Increase over link point : 5474 (6573-1099)
(d) % increase over link point: 498.1% (5474/1099* 100)

DA Rates for various Pay Ranges

Payment of DA to Board level/below Board level executives and non-unionized supervisors following IDA scales of pay in CPSEs on 1987 and 1992 basis


3. The payment on account of dearness allowance involving fractions of 50 paise and above may be rounded off to the next higher rupee and the fractions of less than 50 paise may be ignored.

4. The quantum of IDA payable from 01.07.2018 at the old system of neutralization @ Rs. 2.00 per point shift for increase of 23 points, may be Rs. 46/- and at AICPI 6573 DA payable may be Rs. 11735.75 to the executives holding Board level post, below Board level post and non- unionised supervisors following IDA pattern in the CPSEs of 1987 pay scales.

5. All administrative Ministries/Department of Government of India are requested to bring the foregoings to the notice of the CPSEs under their administrative control for necessary action at their end.

S/d,
(Samsul Haque)
Under Secretary
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