Central Govt likely to approve 7% additional DA - Indian Military Veterans

WATCH THIS BLOG REGULARLY FOR LATEST NEWS ON ONE RANK ONE PENSION & OTHER SERVICE BENEFITS RELATING TO EX-SERVICE PENSIONERS,CENTRAL GOVT PENSIONERS,LIC/GIC PENSIONERS* A UNIQUE BLOG WITH MORE THAN 1 CRORE VIEWERS & 700 FOLLOWERS #

FlashFLASH**** UNION CABINET APPROVED OROP REVISION FROM 01/07/2019 & ARREARES WILL BE PAID IN FOUR INSTALLMENTS**** New ***** *UNION CABINET APPROVED OROP REVISION FROM 01/07/2019 & ARREARES WILL BE PAID IN FOUR INSTALLMENTS
  • New











    .




  • -----------------------------------------------








    Veterans Welfare Latest News & 
    Updates on various issues 
    related to


    Tri Services Pension – SPARSH -OROP

      ECHS - CSD 


    Pay Fixation and Service/Pension Rules
    as per orders & Instructions of Govt of India.


    Purpose of this website


                 Pensioners of the Armed Forces  are different from  pensioners of  other departments of the Government of India. Some rules and regulations apply to public services. In order to sensitize them about the various rules, regulations, government programs related to ex-servicemen and the various social assistance programs for families of ex-servicemen, we refer to the government instructions on this subject. , published information on related topics. Here, we will discuss SPARSH, CSD, ECHS, OROPfamily pension, disability pension, Service pension, re-employment with life certificate and other welfare activities  to increase the awareness of beneficiaries. 

    Regards,
    KS RAMASWAMY 
    Editor

    Sep 1, 2014

    Central Govt likely to approve 7% additional DA

    Indian Military Veterans


    Govt to increase dearness allowance to 107 p.c 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]

    No comments:

    Post a Comment

    Indian Military Veterans Viewers, ..

    Each of you is part of the Indian Military Veterans message.
    We kindly request you to make healthy use of this section which welcomes the freedom of expression of the readers.

    Note:

    1. The comments posted here are the readers' own comments. Veterans news is not responsible for this in any way.
    2. The Academic Committee has the full right to reject, reduce or censor opinion.
    3. Personal attacks, rude words, comments that are not relevant to the work will be removed
    4. We kindly ask you to post a comment using their name and the correct email address.

    - INDIAN MILITARY VETERANS- ADMIN

    Sponsor

    LATEST NEWS

    Post Top Ad