Page 3 - Dearness Allowance

Dearness allowance hiked to 28% for govt staff, 10 million to benefit

Move expected to cost the exchequer Rs 34,400 cr, spur consumer spending

Rajasthan govt raises DA for state employees to 28% effective July 1

Gehlot said the state government would spend about Rs 4,000 crore annually on this decision, to support the employees despite the difficult circumstances of Covid-19

Dearness Allowance for Central Govt employees increased to 28% from 17%

This will be applicable from July 1, 2021, said Union Minister Anurag Thakur on Wednesday

No resumption of DA, DR from July 1 for central govt employees: FinMin

The Ministry of Finance on Saturday clarified that no order regarding resumption of dearness allowance (DA) for the central government employees and dearness relief (DR) for the central government pensioners from July 1 has been issued.In 2020, the Ministry of Finance announced to freeze the hike in DA and DR till July 2021.Taking to Twitter, the Finance Ministry said a fake document is doing rounds on social media claiming resumption of DA to Central Government employees and Dearness Relief to Central Government pensioners."A document is doing rounds on social media claiming resumption of DA to Central Government employees & Dearness Relief to Central Government pensioners from July 2021. This OM is #FAKE. No such OM has been issued by GOI," it tweeted.According to the order issued on April 23, 2020, no arrears will be paid for the period from January 1, 2020, to June 30, 2021."As and when the decision to release the future instalment of dearness allowance and dearness relief .

No order issued for payment of increased DA, DR, says Finance Ministry

The Finance Ministry on Saturday said that no order relating to the payment of increments in dearness allowance for central government employees and dearness relief for pensioners has been issued. 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. "This OM (Office memorandum) is #Fake. No such OM has been issued by GOI," it tweeted. In April last year, the finance ministry had put on hold increment in dearness allowance (DA) for 50 lakh central government employees and 61 lakh pensioners till June 30, 2021, due to the COVID-19 pandemic. In view of the crisis arising out of COVID-19, it has been decided that additional instalment of dearness allowance payable to central government employees and dearness relief (DR) to central government pensioners due from January 1, 2020, shall not be paid." The additional instalment of DA and DR ..

Over 100,000 LIC employees to get 16% wage hike

The government has given a go-ahead to a five-day working week for LIC employees

HC declines to stay dearness allowances fixed by AAP govt for workmen

The Delhi HC declined to pass any interim order putting on hold the operation of an AAP government order with regard to dearness allowances (DA) to be paid to workmen

Cong slams Centre over freezing of addl installments of DA for PSU staff

Congress leader Rahul Gandhi said while food inflation is rising, the government by freezing the DA of PSU staff is adding to their woes further

Addl installment of DA for CPSE execs, non-unionised supervisors frozen

Further, the additional instalments of the DA due from January 1, 2021, and April 1, 2021, will also not be paid

Govt launches new series for CPI-IW, no impact on dearness allowance

CPI-IW is used to compute DA of govt employees and industrial workers. The DA gets revised twice a year and is meant to adjust wage to the impact of inflation

New inflation index to impact DA, 30 mn govt staff to get more pay

The CPI-IW hasn't been revised since 2001 - an exercise which should usually take place every five years

The bigger impact of cuts in basic salary: Your gratuity may take a hit

If your basic and DA have been cut, total amount will be adversely impacted

Delhi govt freezes DA, DR for 220,000 employees, pensioners till July 2021

The dearness allowance for employees and dearness relief for pensioners were due from January 2020

Tamil Nadu govt suspends earned leave encashment, freezes DA till july 2021

Officials say the move will help the govt save over Rs 7,000 crore at a time when Covid-19 has hit its finances

Manmohan opposes DA hike freeze; Sonia writes to PM on MSME package

The Congress posted excerpts from a video conference of the party's recently constituted 11-member consultative group

Ex-PM Manmohan Singh slams govt, says not necessary to freeze DA, DR hike

Former Congress chief Rahul Gandhi also slammed the government over the issue

Covid-19 impact: Govt puts on hold DA hike for employees, pensioners

The existing rates of 17 per cent DA/DR will continue to be paid till July 1, 2021. From that day onwards, the new rates of DA/DR will be restored 'prospectively'

Top headlines: Govt puts on hold DA hike, Fitch cuts India growth forecast

Business Standard brings to you the top headlines of the day

Cabinet clears 4% DA hike for central government employees

The Union Cabinet on Friday approved 4 per cent hike in dearness allowance (DA) to 21 per cent for central government employees, costing the exchequer an additional Rs 14,595 crore. Briefing the media I&B Minister Prakash Javadekar said the Cabinet had approved 4 per cent hike in DA to 21 pc for 48 lakh govt employees, 65 lakh pensioners. He further said the government will incur Rs 14,595 crore additional expense on account of this hike.

Cabinet approves reconstruction scheme for cash-strapped YES Bank

The moratorium imposed on the bank will be lifted within three days after the notification is issued