The hike will likely be effective from July 1, which means that employees and pensioners will receive arrears for the months of July, August and September
Bhubaneswar, Mar 14 Odisha Chief Minister Naveen Patnaik on Thursday announced a 4-per cent increase in dearness allowance and dearness relief for s..
On Friday, an organization representing West Bengal government employees initiated a three-day sit-in demonstration near the state secretariat, 'Nabanna.' Their demand is for the release of dearness allowance at par with their counterparts in the central government.
7th Pay Commission DA Hike: The last revision was done on March 24, 2023, and was effective from January 1, 2023. DA is provided to employees and pensioners to compensate them for rising prices.
The dearness allowance for employees and pensioners is worked out on the basis of the latest Consumer Price Index for Industrial Workers (CPI-IW) brought out by the Labour Bureau every month.
At least 9.38 lakh state government employees and pensioners who are covered under the 7th Pay Commission will benefit from the hike, a government release said.
With this, the state government employees' DA has gone up from 8 per cent to 20 per cent.
The seventh phase of PMGKAY will require about 120 LMT of food grain, involving about Rs 45,000 crore of additional expenditure
DA and DR are revised on the basis of retail inflation-industrial workers. After remaining high for the past few months, the retail inflation for industrial workers stood at 6.16 per cent in June 2022, which was lower than 6.97 per cent in May 2022 but higher than 5.57 per cent in June 2021, due to lower prices food and fuel.
The decision came ahead of the assembly election in the northeastern state due in March next year.
Chief Minister Shivraj Singh Chouhan in a statement said the hike will put an additional burden of Rs 625 crore on the exchequer.
DA, the cost-of-living adjustment allowance paid to public sector employees and pensioners, is usually raised twice a year in January and July.
In an office memorandum, the Department of Expenditure, under the Finance Ministry, said the term ’basic pay’ means the pay drawn as per the 7th pay commission matrix and does not include any other type of pay like special pay, etc.
Chief Minister Pushkar Singh Dhami had lifted the freeze on payment of DA to the state government employees on August 25 and increased it from 17 to 28 per cent.
Addressing a gathering after hoisting the Tricolour at the Gandhi Maidan here on the occasion of the 75th Independence Day, Kumar made the announcement of raising the DA from 17 percent to 28 percent.
This announcement to provide financial benefit of Rs 450 crore to the employees and pensioners was made by the CM while presiding over a state-level function at historic Seri Manch in Mandi.
In April last year, the finance ministry had put on hold an increment in DA for 50 lakh central government employees and 61 lakh pensioners.
In a tweet, the Ministry said a document is doing the rounds on social media claiming resumption of DA to Central Government employees & Dearness Relief to Central Government pensioners from July 2021.
Moneycontrol earlier reported that Dearness Allowance (DA) might be paid at a rate of 28 percent, significantly higher than the current rate of 17 percent.
Till then, existing levels of DA/DR will be paid
The Centre is likely to announce a hike of 2-4 per cent in dearness allowance for its about 50 lakh employees and 58 lakh pensioners later this month.
The hike, which will cost the exchequer an additional Rs 14,724.74 crore annually, will take effect from January 1, 2016, Telecom Minister Ravi Shankar Prasad told reporters after the meeting of the Union Cabinet which took the decision.
The rate of price rise, based on Consumer Price Index for Industrial Workers (CPI-IW) was at 6.72 percent during November 2015. However, the retail inflation was 5.86 percent in December 2014.
The decision benefiting 48 lakh government employees and 55 lakh pensioners would lead to an outgo of Rs 7,889.34 crore in the current fiscal.
While Bill already provides for strict penalties including jail for errant builders, the amendments seek to make it mandatory for all developers, including of housing projects, to keep minimum 50 percent of funds collected from buyers in a escrow account to meet construction cost.