Cabinet approves release of an additional instalment of Dearness Allowance and Dearness Relief due from 1.1.2020

Expected DA From January 2020

Ministry of Finance

Cabinet approves release of an additional instalment of Dearness Allowance and Dearness Relief due from 1.1.2020

13 MAR 2020

Latest News for Central Govt Employees Today

The Union Cabinet, chaired by the Prime Minister, Shri Narendra Modi has approved to release an additional instalment of Dearness Allowance (DA) to Central Government employees and Dearness Relief (DR) to pensioners w.e.f. 01.01.2020.

There will be an increase of 4 percent over the existing rate of 17 percent of the Basic Pay / Pension, to compensate for price rise.

The combined impact on the exchequer on account of both Dearness Allowance and Dearness Relief would be Rs.12,510.04 crore per annum and Rs.14,595.04 crore in Financial Year 2020-21 (for a period of 14 months from January, 2020 to February, 2021). It will benefit about 48.34 lakh Central Government employees and 65.26 lakh pensioners.

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

PIB

Read More

Union cabinet approved 4 per cent DA raise with effect from Jan 2020

Latest News for Central Govt Employees Today

Good news for central government employees - today’s Union cabinet approves 4 per cent DA raise with effect from 1.1.2020

Today, the central government increased the dearness allowance (DA) and the dearness relief by 4% to 21%, helping 30 lakh central government employees and 50 lakh retired citizens.

“Release of additional installment of DA is an increase of 4 per cent over the existing rate of 17 per cent of the basic pay/pension, to compensate for price rise,” according to an official statement.

Also check: Expected DA 2020

At its meeting today, the Union Cabinet led by Prime Minister Narendra Modi, approved the introduction of an additional installment of Dearness Allowance for Central Government employees and Dearness Relief for pensions with effect from 01.01.2020 reflecting an increase of 4 percent over the current rate of 17 percent of Basic Pay / Pension to account for the price rise.

According to this Central Government DA statement, with this 4 percent Dearness Allowance Hike, total DA has to be paid at a rate of 21 percent from 1 January 2020. Payment of additional DA for January and February 2020 months will be payable as arrears.

Read More

Bank Employees Dearness Allowance from February 2020 - DA 2020

Bank Employees Dearness Allowance from February 2020 - DA 2020

According to the 10th Bipartite Settlement for the period from February, March and April 2020, 75.90 percent of the Dearness Allowance (DA) grants to Bank employees. In this regard the Indian Banks Association (IBA) released a circular and the same is reproduced and provided for your information below :

Indian Banks’ Association

HR & Industrial Relations

No.CIR/HR&IR/ 76/D/2019-20/ 8619

February 1, 2020

All Members of the Association (Designated Officers)

Dear Sirs,
Dearness Allowance for Workmen and Officer Employees in banks for the months of February, March & April 2020 under X BPS / Joint Note dated 25.5.2015.

The confirmed All India Average Consumer Price Index Numbers for Industrial Workers (Base 1960= 100) for the quarter ended December 2019 are as follows:-

• October 2019 - 7418.42
• November 2019 - 7486.90
• December 2019 - 7532.55

The average CPI of the above is 7479.29 and accordingly the number of DA slabs are 759 (7479 - 4440 = 3039 / 4 = 759 Slabs) The last quarterly Payment of DA was at 717 Slabs. Hence there is an increase in DA slabs of 42 i.e 759 Slabs for payment of DA for the quarter February, March and April 2020.

AICPIN for December 2019 – Press Release

In terms of clause 7 of the 10th Bipartite Settlement dated 25.05.2015 and clause 3 of the Joint Note dated 25.05.2015, the rate of Dearness Allowance payable to workmen and officer employees for the months of February, March & April 2020 shall be 75.90% of pay. While arriving at dearness allowance payable, decimals from third place may please be ignored.

Yours Faithfully,
sd/-
S K Kakkar
Senior Advisor (HR&IR)

Read More