Showing posts with label 7% DA.. Show all posts
Showing posts with label 7% DA.. Show all posts

Tamilnadu Government increased 7% Dearness Allowance.


   Tamil Nadu Chief Minister Jayalalithaa today raised Dearness Allowance (DA) by 7% for all Government Employees, Teachers, Pensioners, Family Pensioners from January 01-01- 2012.

   Anganwadi Uzhiyar, Sathunavu Paniyallarkal will also benefit by the hike in DA. The arrears will be disbursed in cash. It will benefit 18 lakh Govt employees and cost around Rs. 1380 crores. The move follows recent DA hike by Union Government for Central  Govt employees. The announcement was made by Jayalalithaa in Satta Sabai today.

More Details Click here....

Government employees to get 7 percent additional dearness allowance.

   Over four-million central government employees will go home with an increased pay packet from now, with the union cabinet Friday hiking the dearness allowance to 65 percent of the basic salary from the existing 58 percent with retrospective effect from  1st January this year.

   The hike, about 7 percent from the present rates, will also be applicable to central government pensioners.

   The increase in the allowances will cost the government exchequer Rs.7,474.53 crore annually, according to the decision taken at the cabinet meeting presided by Prime Minister Manmohan Singh here.

Release of additional instalment of Dearness Allowance and Dearness Relief.


   The Union Cabinet today gave its approval to release an additional instalment of Dearness Allowance (DA) to central government employees and Dearness Relief (DR) to pensioners w.e.f. 1.1.2012 representing an increase of 7% over the existing rate of 58% of the Basic Pay/Pension, to compensate for price rise. The increase is in accordance with the accepted formula, which is based on the recommendations of the 6th Central Pay Commission. The combined impact on the exchequer on account of both dearness allowance and dearness relief would be of the order of Rs.7474.53 crore per annum and Rs.8720.32 crore in the financial year 2012-13 (i.e. for a period of 14 months from January, 2012 to February, 2013).

Source: PIB