FLASH

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 65 LAKHS VIEWERS & 600 FOLLOWERS #

Wednesday, 26 October 2016

Centre may announce 2% DA

New Delhi, Oct 26 (PTI) In what could bring cheers to 50 lakh central employees and 58 lakh pensioners ahead of Diwali, the Centre is all set to announce 2 per cent dearness allowance to be effective from July 1, 2016.
"The proposal to provide 2 per cent dearness allowance and dearness relief to central government employees and pensioners respectively, is listed on agenda of the Union Cabinet meeting scheduled for tomorrow," a source said.
Dearness allowance and dearness relief is provided to employees and pensioners to neutralise the impact of price rise on their earnings.
Earlier this year the government hiked Dearness Allowance by 6 per cent to 125 per cent of the basic pay. The DA was later merged into the basic pay following implementation of 7th Pay Commission award.
The central government employee unions want that the DA should be increased by 3 per cent and not 2 per cent which is being considered by the centre.
President of Confederation of Central Government Employees K K N Kutty told PTI: "The 12-month average of Consumer Price Index for Industrial Workers from July 1, 2015 to June 30, 2016, works out to be 2.92 per cent. Therefore the unions had pressed for 3 per cent DA. We are not satisfied with this." 
As per the agreed formula, government increases DA on the basis of 12-month average of the retail inflation and does not consider the price rise rate beyond decimal point for deciding the rate of dearness allowance.

5 comments :

  1. 7th cpc pension resolution not yet implemented to defence pensioners how 2% da will be calculated. The reason for not implementing the pension for pbor is not known and some one should speak about this.

    ReplyDelete
  2. Indeed it is a black Diwali for the Ex servicemen. Neither 7th CPC implemented, Nor the Arrears for De linking of 33 yrs has been credited to the pension account, even after the resolution, and CPAO orders were passed to the PDAs. Shame on the part of govt, what is the use of passing orders for 2% hike. The pension has been credited at old rate.

    ReplyDelete
  3. Circular,soon, very soon,pending,kuchbhinahi milnewala hai 6 Sal kaisa bhi poora karnedo.

    ReplyDelete
  4. Ex servicemen any time ready to fight enemy why govt not given their rights

    ReplyDelete
  5. PBOR of the defence is much worried for not implementing the resolution issued by the authorities. All others have got their 7th cpc pay or pension except defence soldiers and veterans.
    This is really bad further delay pave the way for any agitation which is not good.

    ReplyDelete