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Showing posts with the label DA JAN 2017

Grant of Dearness Allowance enhanced from 2% to 4% with effect from 01st January, 2017: Fin Min Order

Dearness Allowance (DA) Order for Central Government Employees- w.e.f. 01.01.2017: FIN MIN Order No. 1/3/2017-E-II (B) Government of India Ministry of Finance Department of Expenditure North Block, New Delhi Dated the 30th March, 2017. OFFICE MEMORANDUM Subject: Grant of Dearness Allowance to Central Government employees - Revised Rates effective from 1.1.2017. The undersigned is directed to refer to this Ministry's Office Memorandum No. 112/2016-E-II (B) dated 4th November, 2016 on the subject mentioned above and to say that the President is pleased to decide that the Dearness Allowance payable to Central Government employees shall be enhanced from the existing rate of 2% to 4% of the basic pay with effect from 1st January, 2017. 2. The term 'basic pay' in the revised pay structure means the pay drawn in the prescribed Level in the Pay Matrix as per 7th CPC recommendations accepted by the Government, but does not include any other type of pay like...

Cabinet Approves 2% Additional DA/DR w.e.f. January, 2017

Cabinet approves additional 2% Dearness Allowance / Dearness Relief due from January, 2017 Press Information Bureau Government of India Cabinet 15-March-2017 19:55 IST Cabinet approves additional 2% Dearness Allowance / Dearness Relief due from January, 2017 The Union Cabinet, chaired by the Prime Minister Shri Narendra Modi has approved release of an additional instalment of Dearness Allowance (DA) to Central Government employees and Dearness Relief (DR) to pensioners w.e.f. 01.01.2017. It has increased by 2% over the existing rate of 2% of the Basic Pay/Pension, to compensate for price rise. This increase is in accordance with the accepted formula, which is based on the recommendations of the 7th Central Pay Commission. The combined impact on the exchequer on account of both Dearness Allowance and Dearness Relief would be Rs. 5,857.28 crore per annum and Rs.6,833.50 crore in the Financial Year 2017-18 (for a period of 14 months from January, 2017 to February, 2018). This wi...