Govt approves 10% dearness allowance hike, to benefit 80 lakh government employees, pensioners

NEW DELHI: The government on Friday approved a proposal to hike dearness allowance to 90% from existing 80%, a move that would benefit about 50 lakh central government employees and 30 lakh pensioners.

"The Union Cabinet approved the proposal to increase dearness allowance to 90% at its meeting. The hike would be effective from July 1, this year," a source said.

According to the source, the increase in DA to 90% would result in additional annual expenditure of Rs 10,879 crore. There would be additional burden of Rs 6,297 crore on exchequer during 2013-14 on account of this hike in DA.

This is a double digit hike in DA after about three years. It was last in September, 2010, that the government had announced a hike of 10% to be given with effect from July 1, 2010.

DA was hiked to 80% from 72% in April, 2013, effective from January 1, this year.

As per the practice, the government uses CPI-IW data for past 12 months to arrive at a number for the purpose of any DA hike.

Ban on creation of posts, purchase of vehicles, cut in air travel, no change in LTC Air-travel entitlement etc. under economy measures

To view the copy of order issued by MOF, Department of Expenditure, please CLICK HERE.

Government may approve 10% DA hike on Friday, to benefit 80 lakh

There would be a double digit hike in DA after about three years. It was last in September, 2010, that the government had announced a hike of 10 per cent.

The Union Cabinet could approve a proposal to hike dearness allowance to 90 per cent from existing 80 per cent, a move that would benefit about 50 lakh central employees and 30 lakh pensioners.

"The Union Cabinet will take up for discussion and approval a proposal to increase dearness allowance to 90 per cent at its meeting scheduled on September 20. The hike would be effective from July 1, this year," a source said.

According to the source, the increase in DA to 90 per cent would result in additional annual expenditure of Rs 10,879 crore. There would be additional burden of Rs 6,297 crore on exchequer during 2013-14 on account of this hike in DA.

There would be a double digit hike in DA after about three years. It was last in September, 2010, that the government had announced a hike of 10 per cent to be given with effect from July 1, 2010.

DA was hiked to 80 per cent from 72 per cent in April, 2013, effective from January 1, this year.

Launch of IT Modernisation Awareness Survey

In an endeavor to get the feedback on the awareness of the IT Modernisation Project, the Change Management Vendor, M/s TCS is launching a quick poll on Thursday, the 19^th September 2013.

This is a short questionnaire which has been uploaded on an online survey tool (Survey Monkey) and will be sent by M/s TCS to the targeted staff members through email., starting 19 Sep'13.

        The staff members can respond to the questionnaire within a week time (19^th September to 25^th September).

Deduction of TDS at the time payment of quarterly interest from SCSS accounts, withdrawl from NSS-87 accounts, Payment of Commission to Agents and issue of TDS certificate in form 16A

To view SB Order No.10/2013 please Click Here.

FNPO Circle Conference -KERALA Circle-2014-reg

The Circle Conference of FNPO affiliated unions of Kerala has been Scheduled to be held on 4th,5th and 6th of MAY-2014 at PATHANAMTHITTA after Shri.K.P.Dhanapalan M.P, Chairman,FNPO,Kerala confirming it.

            FNPO,Pathanamthitta division welcomes all our activisits from various divisons to Pathanamthitta and make the conference a grand success.

India Post banking system roll-out moves to user acceptance

To view, please CLICK HERE.

Expected DA from Jan 2014 – Rates of Children Education Allowance may be revised again

All Central Govt Employees and Pensioners are expecting to hear the announcement of hike in the Dearness allowance by 10% from July 2013.

 

The Union Cabinet Committee may take the agenda point for approval on DA in the next meeting, which will be held on 19.9.2013 (Thursday).

 

Following the approval on DA, the total DA will go upto 90% and the DA may cross 100% very soon..!

 

As per the recommendations of 6th CPC, particular allowances will be increased by 25% every time the Dearness allowance payable on revised pay scales goes up by 50%. Therefore, once again the allowances, including Children Education Allowance will be increased by 25%, when the DA crosses 100%.

 

There is a slight confusion in the calculation of 25% in increasing Children Education Allowance from Rs.1000 or Rs.1250. Ofcourse, there is lot of time to discuss and decide the calculation factor..!