Thursday, March 10, 2011
Cabinet Committee likely to approve today 6% Dearness Allowance to CG Employees...
The Union Cabinet Committee likely to release of additional instalment of 6% Dearness Allowance to Central Government Employees and Dearness Relief to Central Government Pensioners due from 1.1.2011.
The hike in the Dearness Allowance has been done in accordance with the recommended formula in sixth Central Pay Commission. According to the calculation with last six months of All India Consumer Price Index Numbers(AICPIN) published by Labour Bureau Govt. of India, from July 2010 to December 2010, may be given 6% of additional Dearness Allowance from January 2011 to Central Government Employees and Pensioners.
The proposed DA hike, to be approved by the Central Government today, this enhancement is taking the Dearness Allowance from 45 to 51 per cent of the basic pay and also some allowances and advances rise in 25% from the existing rates as per the recommendations in Sixth CPC.
Only thing to cheer is the fixed allowances such as Children Education Allowance, Conveyance Allowance for serving personnel will be 25% more as the D.A. will certainly cross the 50% mark. It may be remembered that D.A. linked allwances such as Transport Allowances will be unchanged.
There is a respite in Onion prices which made everyone weep as prices peeked to Rs 95/ per Kilogram- this was almost a $1- beating the US rates of $0.45 per pound!
Govt approves 6 pc hike in DA
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