Release of additional installment of dearness allowance to Central Government employees and dearness relief to Pensioners, due from 1.7.2013

Release of additional installment of dearness allowance to Central Government employees and dearness relief to Pensioners, due from 1.7.2013

The Union Cabinet today approved the proposal to release an additional installment of Dearness Allowance (DA) to Central Government employees and Dearness Relief (DR) to pensioners with effect from 01.07.2013, in cash, at the rate of 10 per cent increase over the existing rate of 80 per cent.

Hence, the Central Government employees as well as the pensioners are entitled for DA/DR at the rate of 90 per cent of the basic with effect from 01.07.2013. The increase is in accordance with the accepted formula 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 would be of the order of Rs. 10879.60 crore per annum and Rs. 7253.10 crore in the financial year 2013-14 ( i.e. for a period of 8 month from July, 2013 to February 2014).

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SC/VK
(Release ID :99506)
Source: PIB

Via: http://www.centralgovernmentnews.com/

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Government approves 10% DA hike, to benefit 50 lakh central employees.

Government approves 10% DA hike, to benefit 50 lakh central employees.

The government today approved a proposal to hike dearness allowance to 90 per cent from existing 80 per cent, a move that would benefit about 50 lakh central government employees and 30 lakh pensioners.

“The Union Cabinet approved the proposal to increase dearness allowance to 90 per cent at its meeting here. The hike would be effective from July 1, this year,” a source said.

According to the source, the increase in DA to 90 per cent would result in additional annual expenditure of Rs 10,879 crore. There would be additional burden of Rs 6,297 crore on exchequer during 2013-14 on account of this hike in DA.

This is a double digit hike in DA after about three years. It was last in September, 2010, that the government had announced a hike of 10 per cent to be given with effect from July 1, 2010.

DA was hiked to 80 per cent from 72 per cent in April, 2013, effective from January 1, this year.

As per the practice, the government uses CPI-IW data for past 12 months to arrive at a number for the purpose of any DA hike.

The retail inflation for industrial workers between July, 2012 and June 2013 was used to compute the increase in DA.

Source: ECT

Via: http://www.centralgovernmentnews.com/government-approves-10-da-hike-to-benefit-50-lakh-central-employees/

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Central Government hikes dearness allowance to 90%

Central Government hikes dearness allowance to 90%

Release of additional instalment of Dearness Allowance to central government employees and Dearness Relief to pensioners, due from 1.7.2013

The Union Cabinet today gave its approval to release an additional instalment of Dearness Allowance (DA) to central government employees and Dearness Relief (DR) to pensioners with effect from 01.07.2013 at the rate of 10 percent over the existing rate of 80 percent.

The increase in DA to 90 percent would result in additional annual expenditure of Rs 10,879 crore. There would be additional burden of Rs 6,297 crore on exchequer during 2013-14 on account of this hike in DA.

Source: http://www.centralgovernmentnews.com/central-government-hikes-dearness-allowance-to-90/

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Cabinet to take up stock-limit extension today

Cabinet to take up stock-limit extension today

The cabinet is meeting today to consider a proposal to extend stock holding limit on pulses, edible oils and oil seeds for one more year beyond September 30,2013 to ensure their availability and check prices.

A proposal to this effect was moved by the Food and Consumer Affairs Ministry.

The objective is to enable state governments to continue taking effective de-hoarding steps under the Essential Commodities Act, 1955 by fixing stock limits.

The Cabinet is also likely to approve a proposal to hike dearness allowance for government employees and pensioners to 90% from existing 80% of basic pay and house rent allowance. The move would benefit about five million central government employees and three million pensioners.

The hike would be effective retrospectively from July 1, this year.

Officials said the increase in DA to 90% would result in additional annual expenditure of Rs 10,879 crore on the exchequer. However, there would be additional burden of Rs 6,297 crore on exchequer during 2013-14 on account of this hike in DA.

There would be a double digit percentage point hike in DA after about three years, due to rise in prices as reflected in the consumer price index for industrial workers. It was last in September, 2010, that the government had announced a hike of 10% to be given with effect from July 1, 2010.

DA was hiked to 80% from 72% in April, 2013, effective from January 1, this year.

Source: http://www.business-standard.com/article/economy-policy/cabinet-to-take-up-stock-limit-extension-today-113092000180_1.html

Via: http://www.centralgovernmentnews.com/cabinet-to-take-up-stock-limit-extension-today/

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Extra special pay for government staff to participate in sport

Extra special pay for government staff to participate in sport

New Delhi: All central government employees who participate in national and international sporting events will get double the amount of existing special pay, between Rs 210 and Rs 1,000.

Such sportsmen will get a minimum of Rs 210, which may go up to Rs 1,000, as special pay in addition to their salary, according to an order issued today by the Ministry of Personnel.

“The personal pay will be related to the Grade Pay corresponding to the post against which the employee concerned had initially earned or will earn the personal pay,” it said.

The personal pay is to be granted from the first of the month following the month in which the sporting events are completed and will not count for any service matter like pay fixation on promotion, retirement benefit or Dearness Allowance or City Compensatory Allowance.

The decision was taken in order to motivate government employees to participate more in sports.

The revised rate are applicable prospectively from September 1, 2013, the order said.

Source: PTI

Via: http://www.centralgovernmentnews.com/extra-special-pay-for-government-staff-to-participate-in-sport/

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