Expected DA from January 2015 – The Next Episode Begins…!

Expected DA from January 2015 – The Next Episode Begins…! The Centre has announced a  hike of 7% Dearness Allowance and Dearness Relief for Central Government employees and Pensioners, with effect from July 2014 on 4th of this month. Soon, Finance Ministry will issue appropriate orders for payment of Dearness allowance to all. As and when … Read more

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!

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Expected DA from Jan 2015 – First hurdle has been completed with satisfy change

Expected DA from Jan 2015 – First hurdle has been completed with satisfy change This is very too early to calculate Dearness allowance for CG Employees and Pensioners with effect from Jan 2015, however, according to the calculation, the percentage of Dearness allowance will not hike definitely in double digit. Maximum of seven percent is … Read more

CABINET APPROVED TO HIKE DA FROM 100% TO 107% FROM JULY 2014

CABINET APPROVED TO HIKE DA FROM 100% TO 107% FROM JULY 2014 Central Cabinet Committee today gave its approval for an another 7% of additional Dearness Allowance for Central Government employees and pensioners with effect from 1st July 2014. The total DA now stands at the level of 107% for next six months i.e., July … Read more

Central Govt likely to approve 7% DA to all Central Staff

Central Govt likely to approve 7% DA to all Central Staff 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 … Read more