Your Reason has been Reported to the admin. The rate of Dearness Allowance for the period from 01.07.2020 till 30.06.2021 shall remain at 17%. Hallmarking of Gold Jewellery: A tale of two districts, How to build a perfect retirement portfolio, PAN-Aadhaar Link Status Check: How to know PAN Card-Aadhaar Card are linked or not, Centre holds outreach programme with pensioners association, Copyright 2023 The Indian Express [P] Ltd. All Rights Reserved, Dearness Allowance hike July 2023: DA rates modified for CPSE employees. According to an Office Memorandum of DPE dated July 7, the new DA rates are as follows: The instalment of DA to CPSE employees becomes payable from 1st January, 1st April, 1st July and 1st October every year based on the price increase above the quarterly Index average of 1099 (1960=100). Dearness Allowance for central government employees has been hiked to 31% of the basic pay from 28% with effect from July 1, 2021, the Finance Ministry said. #. The average salary in India, according to the website Average Salary Survey, is reported to be Rs 18,91,085 per year. Revised Dearness Allowance Rates For Central Government Employees ANI MP/CG/Rajasthan (ANIMPCGRJ) July 14, 2023. Also read | 7th Pay Commission: Benefits given to central govt employees before June 26 meet. As per our earlier prediction, the Central Government today (21.10.2021) approved to release of the additional 3% of Dearness Allowance with effect from 1st July 2021 to Central Government employees and pensioners. The specifics of the Madhya Pradesh DA hike's implementation were disclosed by the MP CM on Friday. This website follows the DNPA Code of Ethics Copyright NDTV Convergence Limited 2023. The above rate of DA i.e.39.2% would be applicable in the case of IDA employees who have been allowed revised pay scales (2017) as per DPE O.Ms. Large cracks develop on National Highways; roads succumb to heavy downpour, WhatsApp rolls out new feature for iOS users, adds a translucent tab bar and navigation bar, Multi-token networks and how it may revolutionise digital payments, Central Pay Commission: These pensioners to get up to 412% Dearness Relief, 7th pay commission: Received salary arrears? DA alert: Centre declares Dearness Allowance for these central - Mint NDTV had reported earlier, quoting sources that the cabinet was likely to clear dearness allowance at its meeting today so as to give a financial boost to the central government employees and pensioners ahead of the forthcoming festival season. The decision will benefit about 47.14 lakh central government employees and 68.62 lakh pensioners. For central government employees: The DA is calculated as -- {(Average of the All-India Consumer Price Index (Base year -2001 =100) for the last 12 months -115.76)/115.76} x 100. 7th Pay Commission Dearness Allowance (DA) Hike date 2023: The first dearness allowance hike of 2023 for Central Government Employees is expected to be announced soon. Download the Mint app and read premium stories. More information can be found in our Cookies and Privacy Policy. ICICI Prudential Large & Mid Cap Fund Direct Pla.. Canara Robeco Emerging Equities Fund Direct-Grow.. 7th Pay Commission: DA hiked by 4% from July 1, 2022 for central govt employees; notification issued, The Union government, as part of a series of cabinet decisions on September 28, 2022, had announced a hike in. The AICPI numbers, a crucial factor in determining the hike in DA, is released on the last day of each month. Copyright HT Digital Streams Ltd. All rights reserved. The DPE said Average AICPI (1960=100) for the quarter March 2023 to May 2023 is 8813. Writes on personal finance, banking and real estate. You are now subscribed to our newsletters. Times Algebra on Twitter: "BIG - Madhya Pradesh CM Shivraj Singh Dearness Allowance payable to Central Government employees shall be enhanced from the existing rate of 17% to 28% of the basic pay with effect from 1st July, 2021. DA hike: The increase in 4% Dearness Allowance has come as a relief for the central government employees and pensioners amid scorching inflation The central government revises. 2Form 26AS or AIS: Which is more important document to file ITR? Out With employers the world over trying to cut costs and focus on profitability and sustainability, workers everywhere are uncertain about their future. Even a small contribution a month would be of great help for us. By clicking Accept All Cookies, you agree to the storing of cookies on your device and the processing of information obtained via those cookies (including about your preferences, device and online activity) by us and our commercial partners to enhance site navigation, personalise ads, analyze site usage, and assist in our marketing efforts. DA, DR Hike News: 3% or 4% - how much Dearness Allowance hike will However, the final numbers for the DA hike will be determined by the end of January 2023, as the DA calculation is based on the All India Consumer Price Index (AICPI) numbers. DA increased by 3 for central govt employees. You spent 16 years at LIC before moving to a corporate role at ICICI Prudential. However, this figure appears Q. All rights reserved. For a basic pay of over 6,500 and up to 9,500, the DA rate will be 421.1% of pay subject to a minimum of 34,216. The rate of dearness allowance for the period from January 1, 2020 to June 30, 2021 will remain at 17%. Dearness Allowance and Dearness Relief Table for Central Government Dearness Allowance Up For Central Government Employees. Under para 7 and Annexure-lll (B) of DPEs OM dated 03.08.2017 wherein the rates of DA payable to the Board level and below Board level executives and non-unionized supervisors of CPSEs have been indicated, the rate of DA payable to the executives and non-unionized supervisors of CPSEs w.e.f. DA Hike: Dearness Allowance Formula For central government employees, the calculation that is used to formulate the dearness allowance is Dearness Allowance Formula - [(Average of All India Consumer Price Index AICPI) for the last 12 months - 115.76)/115.76]100. 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Here's how to calculate dearness allowance - Mint Additionally, the DA arrears from January to June 2023 will be split into three equal payments. Oops! In case you cant find any email from our side, please check the spam folder. Based on this, a 3 per cent increase in dearness allowance for central government employees is expected. If there is a 1 point increase in the December figure, the DA hike could potentially increase to 4 per cent, though the likelihood of this is low. [ See in detail ] The Percentage of Current DA for Central Government Employees and Pensioners is 31% It is applicable to central government employees, pensioners and family pensioners. A. Employment Service/Related Law Complaint. 2) The Armed Forces Pensioners, and Civilian Pensioners paid out of the Defence Service Estimates. The December 2022 figure will be announced on January 31 and will be used to determine the final DA increase for central employees. Earlier, at the rate of 34%, the central government employee was receiving DA of Rs 6,800 per month. Senior Citizens Savings Scheme: Was interest rate hiked for July-September 2023 quarter? Comments have to be in English, and in full sentences. The official announcement for an increase in dearness allowance (DA) for the first half of 2023, covering the period from January to June, will be made in March 2023. Based on this, a 3 per cent increase in dearness allowance for central government employees is expected. DA, DR Hike: How much Dearness Allowance will central govt employees Share Market Highlights: Nifty settles near 19500, Sensex soars 330 pts; Bank Nifty above 45300, M&M, Apollo Hosp gain, FII DII data: FPI bought shares worth Rs 1,603.15 crore, DII sold shares worth Rs 439.01 crore on Wed, 5 July. 2(54)/2008-DPE(WC) dated 14.10.2008, may be as follows:-. Download the DDD Eligibility Packet. The freeze was lifted from July 1, 2021, and the DA, DR rate was hiked by 11 percentage points to 28 %. As per the media reports, the hike will be around 3 to 4 percent. Since 2006, the DA for central government employees has been growing continuously. The government said in March that central government employees and pensioners will receive full benefits of the allowance from July 1 and that all three pending instalments will be restored. 4% Dearness Allowance Hike, Festive Cheer For 47 Lakh Central Employees NEW DELHI: The Centre on Wednesday approved an increase in Dearness Allowance (DA) and Dearness Relief (DR) given to central government employees and pensioners from 17 per cent to 28 per cent . 1) Civilian Central Government Pensioners/Family Pensioners including Central Govt. "The government has decided to increase the dearness allowance to central government employees and dearness relief to pensioners with effect from 01.07.2021 to 28 per cent, representing an increase of 11 per cent over the existing rate of 17 per cent of the basic pay / pension," the government said in a press release. Job Titles with Pay Range - Department of Administration Human Resources In a Diwali gift to central government employees, in October 2021, the government hiked the DA by 3% over the existing rate of 28% of the basic pay and pension. All information these cookies collect is aggregated and therefore anonymous. It'll just take a moment. Here's how to change Exit Date on EPFO website, BCCI announces full schedule of India's tour of South Africa in December-January, Keep subtitles on? If you do not allow these cookies then some or all of these services may not function properly. "Cabinet approves release of additional instalment of Dearness Allowance and Dearness Relief @ 4 per cent to Central Government employees and pensioners, due from 01.07.2022," the PIB tweeted. In the best interests of the staff, we have made a number of ground-breaking choices. The government, at the time, paid employees three months in arrears. Not Just Once, "Probe Agency Entitled To Custody": Court Setback For Jailed DMK Minister, Crazy Viral: Alia Bhatt Hands Paparazzo's Missing Slipper Back To Him, This website follows the DNPA Code of Ethics. Dearness Allowance: Meaning, Types, DA Calculation and - Tickertape It has come into effect from July 1. All these rates are effective from 1 July 2023. 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Then, in January 2022 also, the dearness allowance was increased by 3 per cent and the addition of 4 per cent effective July, will take the DA to 38 per cent of basic pay. Dearness Allowance Hike Date for Central Government Employees: When to Madhya Pradesh DA Hike 2023: Good News For Govt Employees As 4% Save my name, email, and website in this browser for the next time I comment. They may be used by those companies to build a profile of your interests and show you relevant adverts on other sites. You are now subscribed to our newsletters. The cabinet on Wednesday approved the proposal to increase the dearness allowance (DA) for central government employees and pensioners to 38 per cent of the basic pay from 34 per cent previously, up 4 per cent, effective July 1, 2022. DA Order July 2021 PDF | Central Government DA Order 2021 PDF Download RBI Floating Rate Savings Bond offers 8.05% interest now, higher than big banks' FDs; who should invest? These banks offer higher FD rates for super senior citizens, Calculation of income from house under new tax regime, These senior citizens do not have to file ITR this year, These 5 banks offer lowest home loan interest rates. Dearness Allowance (DA) for Government Employees, Pensioners Singhvi said the decision to cut the allowance until June 2021 would give the government only 38,00 crore at the cost of its employees. Dearness Allowance Hike: As per the notification of the Department of Public Enterprises, the rates of DA payable to the executives of CPSEs holding board-level posts have changed It was again increased in October, 2021. Your session has expired, please login again. Later, the dearness allowance was increased by 11 per cent to 28 per cent in July 2021, then again by 3 per cent in October 2021, and that too on July 1, 2021. The increase subsumes the additional instalments arising on 01.01.2020, 01.07.2020 and 01.01.2021. Phoenix, AZ 85007. 16215.75 to the executives holding Board level post, below Board level post and non-unionized supervisors following IDA pattern in the CPSEs of 1987 pay scales, the DPE said. The government has hiked the dearness allowance (DA) for central government employees and dearness relief (DR) to pensioners to 28 per cent from 17 per cent with effect from July 1. It has been a bagful of mixed experiences. Are Chinese graduates struggling for jobs? Dearness Allowance hike: DA rates revised for these central govt The Pradhan Mantri Garib Kalyan Anna Yojana (PMGKAY) scheme was introduced after the outbreak of the COVID-19 pandemic. Shivraj Singh Chauhan, the chief minister of Madhya Pradesh, has declared a 42 percent Dearness Allowance for state government employees, matching the amount given by the Centre for employees of the federal government. How satisfying has been your professional journey of 39 years? The allowance gets revised twice every year during January and July. Experience Your Economic Times Newspaper, The Digital Way! Your session has expired, please login again. How would you define the culture at GE? Dearness Allowance (DA) hike for Central Government Employees. This made the DA/DR to 31%. Find Out By How Much Revised dearness allowance and dearness relief rates for Central Government employees and. The Ministry of Labour increases the dearness allowance to counteract inflation, as reflected in the index. They flourish within an organisation despite not actively seeking attention Hyundai Motor has recently made a significant change by hiring female production workers through open recruitment for the first time in its history. Formula for calculating Dearness Allowance for Central government employees after 1.1.2006 is : Dearness Allowance %= { (Average of AICPI (Base year 2001=100) for the past 12 months - 115.77)/115.77}*100 In October 2021, the government revised the Consumer Price Index-IW base year from 2001 to 2016. The cabinet on Wednesday approved the proposal to increase the . If you do not allow these cookies, you will experience less targeted advertising. Meet The Women Who Built A Farming Life On Their Terms! Dearness Allowance for central government employees increased to 28% 7th Pay Commission: DA hiked by 4% from July 1, 2022 for central govt However, if the index numbers remain stable in December, the dearness allowance will increase by 3 per cent only. You can set your browser to block or alert you about these cookies, but some parts of the site will not then work or you may not be able to login. All rights reserved. The decision is expected to cost the government approximately Rs 34,400 crore and impact around 48,34,000 central government employees and 65,26,000 pensioners, Anurag Thakur, the minister of sports, youth affairs and minister of information and broadcastingsaid in a press briefing while making the announcement. The Union Cabinet chaired by Prime Minister Narendra Modi has given its approval to release an additional instalment of Dearness Allowance (DA) to Central Government employees and Dearness Relief (DR) to pensioners w.e.f.
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