Cabinet hikes DA of central government employees by 5 per cent effect from July 2019

Cabinet hikes DA of central government employees by 5 per cent effect from July 2019

7th Pay Commission Latest News Today 2019 - Cabinet Approves 5 percent DA Hike from July 2019

5% DA from July 2019 Declared

More than one crore of employees and pensioners are waiting for the announcement of hike in DA from July 2019.

Today the Centre has decided to increase 5 percent Dearness allowance for Central Government employees and Pensioners with effect from 1st July 2019. The second installment of 5 percent additional Dearness allowance is increased for Central Government employees and Pensioners with effect from July 2019. After enhancement of 5% the DA is increased from 12% to 17%.

Also check: Cabinet approves 5% additional DA/DR to Central Government employees due July, 2019 - PIB

This increase is in accordance with the accepted formula, which is based on the recommendations of the 7th Central Pay Commission.

The hiked rate of Dearness Allowance (DA) to central government employees and Dearness Relief (DR) to pensioners will be applicable retrospectively from July this year

These are revised twice a year from January 1 and July 1.

DA Arrears

5% DA Arrears for three months from July to September 2019.

DA from January 2020

The 5% additional Dearness allowance for the period of 6 months from July to December 2019. After that the next episode of ‘DA from January 2020’ will start!

Check this 7th pay commission pay hike latest news

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DA and DR from July to Dec 2015 – Cabinet Committee may approve tomorrow

DA and DR from July to Dec 2015 – Cabinet Committee may approve tomorrow

As per media news, the Cabinet committee in its meeting tomorrow is likely to approve an additional Dearness Allowance for Central Government employees due from July 2015.

The second installment of this year, from July to December 2015, an additional DA is finalized hike by 6% as per the calculations recommended by 6th CPC. Now the Central Government employees and pensioners are getting 113% DA and DR, after the declaration by the Cabinet Committee on DA, it will become 119%.

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Bank Holidays Hit Central Employees To Get Salary

Bank Holidays Hit Central Employees To Get Salary

New Delhi: Central government employees are in for a rude shock as the new financial year begins on April 1. Their salaries for March is likely to be delayed by a week as Public sector banks will be closed from today to April 3, followed by the weekend, in many parts of the country.

A government employee said, “Every month our salary gets credited to our bank account up to the last working day of that month except March. March salary is passed by DDO on the first working day of April from new budget, salary of March gets credited to our accounts on April 2 due to the annual closing of Banks on April 1.”

“This year , on April 2, the banks will remain shut because of Mahavir Jayanti, followed by the holiday for Good Friday on April 3. The next day being a Saturday, an off day for central government employees.The banks will be closed the next day, on April 5, because it’s a Sunday. Accordingly, central government employees are likely to get salary of the March’ 2015 only on April 6 or 7,” he added.

However, these holidays differ from one State to the other, and not all will have consecutive holidays.
Information posted on the website of the Indian Banks’ Association says Tamil Nadu, Karnataka, Maharashtra and Uttar Pradesh will have continuous holidays from April 1 to 3, while in other States, some banks will work on April 2 and some others on April 3.

It is interesting to note that the central government didn’t announce 6 per cent hike in Dearness Allowance (DA) payable to its employees and pensioners from January 1 this year as the revised Consumer Price Index-Industrial Workers data for December 2014 was released by Labour Ministry.

Read continue : www.tkbsen.in

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7% DA from July 2014 – Prompt decision is worth appreciating..!

7% DA from July 2014 – Prompt decision is worth appreciating..!

The Centre has announced an additional 7% DA hike for the Central Government employees and Pensioners from July 2014.

Usually, agendas for central government employees’ DA hike are presented at the Cabinet meeting only on the third or fourth Thursdays of the month. There are times when these decisions were made during the last cabinet meeting of the season. Sometimes, these decisions are not made even during the last meeting and are taken up only during special meeting or at critical times.

On the 4th of this month, out of the blue, the Government announced a 7% DA hike. The cabinet’s announcement gives a positive conclusion to the relentless waiting of the past few weeks.

DA is calculated twice a year (from January to June, and from July to December) based on the changes in the Consumer Price Index (IW) BY 2001=100. The AICPIN numbers of the month are released by the Labour Bureau the following month.

In the month of August, the Labour Bureau sends the AICPIN data for the months of January to July, to the Finance Ministry. Based on the data, the Finance Ministry calculates the DA hike and the additional expense likely to be incurred, and presents the findings and reports towards the end of August to the Cabinet for its approval. The final decision is made in the month of September. This is the usual procedure.

Irrespective of the date of the Cabinet approval in the month of September, the DA hikes are calculated and given along with the salary for the month of September. Increase for the month of July and August are calculated and given as arrears to the employees and pensioners too.

Although 7% hike has been confirmed already, the prompt decision is worth appreciating!

Source : www.cgstaffnews.in

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Union Cabinet today approves 7% DA from July 2014 to CG Employees and Pensioners

Cabinet committee today approved 7% additional Dearness Allowance to Central Government employees and Pensioners due from July 2014.

Release of additional installment of Dearness Allowance to Central Government employees and Dearness Relief to pensioners due from 01.07.2014

The Union Cabinet chaired by the Prime Minister, Shri Narendra Modi, today gave its approval for the release of an additional installment of Dearness Allowance (DA) to Central Government employees and Dearness Relief (DR) to pensioners with effect from 01.07.2014. This is an increase of seven percent over the existing rate of 100 percent of the Basic Pay/Pension, to compensate for price rise.

The increase is in accordance with the accepted formula, which is 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 approximately Rs. 7691 crore per annum and Rs.5127 crore respectively in the financial year 2014-2015 (i.e. for a period of eight months from July, 2014 to February, 2015).

CLICK HERE TO VIEW THE PRESS RELEASE OF AICPIN FOR THE MONTH JULY 2014 & DA TABLE

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Central Government likely to approve 7% additional DA

Central Government likely to approve 7% additional DA

Government to increase dearness allowance to 107%

The Government is likely to approve a hike in dearness allowance (DA) to 107 per cent from the existing 100 per cent, benefiting around 30 lakh Centre’s employees and its 50 lakh pensioners including dependents.

“The average rate of retail inflation for industrial workers from July 1, 2013 to June 30, 2014 works out to be 7.25 per cent. Thus the Central government will hike dearness allowance for it employees by 7 per cent,” an official said.

He said the Finance Ministry will now put a Cabinet proposal for approval of 7 per cent DA hike from July 1 this year as the revised Consumer Price Index-Industrial Workers data for June was released by Labour Ministry on Saturday.

With increase in DA, the pensioners will also gain as the benefit provided to them as dearness relief will be hiked to 107 per cent of basic pay.

The previous UPA government had increased DA to 100 per cent from 90 per cent with effect from January 1, 2014, on February 28 on the basis of agreed formula for revision of the allowance.

However, the central government employees’ union is not very enthused by the 7 per cent hike in the dearness allowance as their long pending demand of merger of DA with basic pay has not been given heed by 7th Pay Commission and the government.

“The erosion of value of wages is unbearable at 50 per cent dearness allowance. Now it will be 107 per cent. It is high time to merge DA with basic pay to provide relief to employees,” Confederation of Central Government Employees’ President KKN Kutty told PTI.

“We had summited our memorandum in this regard to 7th Pay Commission. They forwarded it to Central Government. We have apprised about the issue to the newly elected NDA government.

But no decision has been taken so far,” he said.

With merger of DA with basic pay, the salary and allowances paid in proportion of basic pay are increased. As per earlier practise DA was merged with basic pay once it breached 50 per cent mark. But the 6th Pay Commission has disallowed that.

Source : The Hindu
[http://www.thehindu.com/news/national/govt-to-increase-dearness-allowance-to-107-from-100/article6366781.ece]

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