7th PAY COMMISSION NEWS - CENTRAL GOVERNMENT EMPLOYEES NEWS

Cabinet Committee likely to approve DA today As per reliable sources that the Union Cabinet Committee likely to approve the Finance Ministry proposal to hike the Dearness allowance and Dearness relief by 8% today. An another additional Dearness allowance from Jan 2013 to all Central Government Employees and Pensioners is expected to declare by the Central Government on 2.4.2013, after the Union Cabinet approval. The agenda is expected to be approved by the committee today in the afternoon. Nearly 50 lakh employees and 30 lakh pensioners will get the benefit by this hike with minimum of Rs.560 per month. After the Cabinet approval, Finance Ministry may issue necessary orders immediately to all Departments/Ministries to issue enhanced payment by cash. Source: 90Paisa [http://90paisa.blogspot.in/2013/04/cabinet-committee-likely-to-approve-da.html]

AICPIN for the month of May 2012 ALL INDIA CONSUMER PRICE INDEX NUMBERS FOR INDUSTRIAL WORKERS ON BASE 2001=100 FOR THE MONTH OF MAY, 2012 1.    All India Consumer Price Index Number for Industrial Workers (CPI-IW) on base 2001=100 for the month of May, 2012 increased by 1 point and stood at 206 (two hundred six). 2.    During May, 2012, the index recorded maximum increase of 6 points each in Belgaum, Jharia and Coonoor centres, 5 points in Guwahati centre, 4 points in 8 centres, 3 points in 9 centres, 2 points in 17 centres, 1 points in 15 centres. The index decreased by 4 points each in Bhilwara and Guntur centres, 2 points in 4 centres and 1 point in 5 centres, while in the remaining 14 centres the index remained stationary. 3.    The maximum increase of 6 points in Belgaum centre is mainly due to increase in the prices of Rice, Groundnut Oil, Fish Fresh, Vegetable & Fruit items, Snack Sweet, Bidi, Cigarette, Refined Liquor, Pan Le...

Expected Dearness Allowance from July 2012 to Central Government Employees and Pensioners : My view on this subject... Dearness allowance is a part of salary, which is given to compensate for the fluxuation of essential commodities. The compensation is provided for price rise twice in a year to all Central Government employees and pensioners too. The estimation of hike in Dearness allowance in accordance with the price index of AICPIN (IW) 2001=100. This statistics is being calculated by Labour Bureau and publishing every month authentically in its website. This index is the main factor to calculate the Dearness allowance.  Here is the calculation table… The calculation is being completed after six months, at present we have the index for five months only.  Last and 6th month of index number is needed to finalize the calculate the additional Dearness allowance from July 2012, but, however, the Dearness allowance should not be increased above 72% at this moment. Expected DA fro...