DEARNESS ALLOWANCES
IOA EC members decide not to take any allowance for their Paris trip
The Indian Olympic Association (IOA) Executive Council members have decided not to accept a higher dearness allowance than the athletes for the Paris Olympics to avoid a negative impact on their image. They assert financial independence and will make their own travel arrangements, despite being budgeted to receive USD 300 per day. The council met to address public criticism and will discuss the issue further before the Indian contingent's send-off ceremony.
DA hike latest update: Will central govt employees, pensioners get 18-month DA arrear? PM gets a proposal
7th Pay Commission Dearness Allowance Latest Update: Dearness allowance is a component of salary of the government employees and pensioners. It was introduced to help government employees cope with rising inflation. Will the central government employees and pensioners get arrears for the dearness allowance (DA) and dearness relief (DR) suspended for 18 months during the COVID-19 pandemic? Prime Minister has received a proposal. All you need to know
Retirement income: Why we need both, an income stream and a corpus
A monthly allowance will keep it simple and straightforward. The children and parents can agree on the amount and the former can simply credit it like a monthly pension or income. The dependent parent, spouse, sibling or relative is spared the discomfort of asking and enjoys the discretion to spend and save.PSM ID:
Non-refundable Covid advance no longer available under EPFO
According to an EPFO circular dated June 12, since Covid is no longer a pandemic, the competent authority has decided to discontinue the said advance with immediate effect and this would be applicable to even exempted establishments.
DA hike for bank employees: Dearness allowance from May to July 2024 announced; latest update on 5-day bank workweek
DA hike for bank employees: Dearness allowance will be 15.97% for May, June and July 2024 for the bank employees. The calculation of dearness allowance for bank employees was revised early this year. A new pay scale has been constructed for the employees of the public sector banks after merging with DA earlier. What will change in dearness relief for the pensioners of PSU banks? What is the latest update on the 5-day work week of the PSU banks? All you need to know
Sikkim govt nod for 4 pc DA hike
The Sikkim government has approved a four per cent hike in dearness allowance for employees and pensioners, effective from July 1, 2023. This decision was made during the first cabinet meeting of the new Sikkim Krantikari Morcha government, chaired by Chief Minister Prem Singh Tamang. The increase brings the total dearness allowance to 46 per cent, costing the state exchequer Rs 174.6 crore this financial year.
DA hike: Will basic pay of central govt employees, pensioners increase as DA, DR touch 50%, as per the 7th Pay Commission?
DA hike latest news update: There have been speculations about a possible hike in basic pay for central government employees and pensioners in July 2024 as dearness allowance (DA) and dearness relief touch 50%. Usually, the DA and DR of the central government employees and pensioners increase from July. Are central government employees and pensioners looking for a hike in basic pay from July 2024? ET Wealth Online spoke with various experts to understand the regulations of Pay Commissions and how they will impact the salaries of central government employees and pensioners.
7th Pay Commission news: Gratuity limit now hiked for central government employees after Dearness Allowance (DA) touches 50%
DA hike impact: The Center's decision to increase its employees' dearness allowance by 4% to 50% has resulted in significant revisions to other allowances, including retirement gratuity, which is a great benefit for government employees.
Latest on DA hike: 25% increase in gratuity due to dearness allowance hike kept on hold; here’s why
Dearness allowance hike: The EPFO has opted to keep in "abeyance" the retirement and death gratuity increase for workers, which is a blow to those employed by the government and organised sector. In March 2024, the Central government raised the Dearness Relief (DR) and Dearness Allowance (DA) by 4%.
DA hiked to 50% for central government employees; retirement and death gratuity will increase by this much
Latest on DA hike: The Central government increased the dearness allowance (DA) and dearness relief (DR) by 4% in March 2024. This hike in DA to 50% also increased various components of a central government employee’s salary.
4% DA hike: These three allowances of central government employees will go up 25% after latest DA hike; check details
The Dearness Allowance (DA) for central government employees was increased by 4% to 50%. Dearness relief (DR) for retirees of the central government has been increased by 4% to 50% to counteract price hikes. This will result in a large increase in salaries of central government employees and pensions of retirees.
DA hiked to 50%: 6 other allowances revised for central govt employees, as per 7th Pay Commission
DA hiked by 4%: The 7th Pay Commission reviewed all benefits offered to Central Government employees, including those for railway employees, civilian defence workers, and defence troops, in response to its evaluation and recommendations from 2016. The key guidelines for these six allowances for employees of the central government have been issued.
Dearness relief (DR) hiked by 4% to 50% for central govt pensioners: Who are eligible, when will they get it? Govt answers
Central govt pensioners, family pensioners: The Department of Pension & Pensioners’ Welfare (DoPPW) released an Office Memorandum mentioning which pensioners and family pensioners will be eligible for the recent dearness relief (DR) hike and how the payment of DR will be calculated. It will instructed the pension disbursing banks to arrange payments of dearness relief to pensioners or family pensioners without waiting for any further instruction from other authorities. Read here
Rajasthan govt cuts VAT on petrol, diesel; hikes DA of employees by 4%
Rajasthan govt reduces fuel VAT by 2%, aligns dearness allowance with Centre. Effective Friday, Rs 1500 crore burden. 50% dearness allowance from Jan 1, 2024, benefiting 4.40 lakh pensioners.
Assam CM announces 4 pc DA hike for state government employees
Assam CM Himanta Biswa Sarma announced a 4% hike in dearness allowance for state government employees starting from January 1, 2024. He also discussed recruitment plans for Grade-IV employees in schools and a solar panel subsidy scheme. The Union Cabinet approved a similar 4% DA hike for central government employees and pensioners.
CM Naveen Patnaik announces 4% DA hike for Odisha govt employees
Odisha CM Naveen Patnaik increased dearness allowance and relief by 4%, raising it to 50% for state government employees and pensioners. The higher rates will be effective from January 1, 2024, benefiting 4.5 lakh employees and 3.5 lakh pensioners.
Govt approves 4% hike in Dearness Allowance for govt employees at cost of Rs 12,869 crore per annum to exchequer
The Union cabinet has approved a 4% increase in Dearness Allowance (DA) for Central Government employees and Dearness Relief (DR) for pensioners starting January 1, 2024. This will increase the total exchequer by 50%, benefiting approximately 49.18 lakh employees and 67.95 lakh pensioners.
Cabinet okays 4% DA hike for staff; outgo pegged at ₹12,900 crore
The union cabinet approved an additional instalment of 4% DA and DR for central government employees and pensioners effective from January 1. This would benefit over 10 million employees and 6.79 million pensioners, with a combined impact on the exchequer of Rs 12,869 crore per annum.
Mega salary hike for central govt employees as DA to touch 50%: HRA, gratuity, other components will also go up
If DA hits 50%, certain other allowances and components of the salary — house rent allowance, children's education allowance, gratuity ceiling, daily allowance — will also go up, according to the recommendations of the 7th Central Pay Commission. It will lead to a significant jump in the salaries of the central government employees. How will the central government employees be benefitted if DA touches 50%? Will DA merge with basic pay when it crosses the 50% threshold? Find out here
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