Tuesday, October 28, 2014
Monday, October 20, 2014
Monday, September 22, 2014
Thursday, September 18, 2014
DA ORDER w.e.f. 01.07.2014
F. No.
1/212014-E.II (B)
Government
of India
Ministry
of Finance
Department
of Expenditure
North
Block, New Delhi
Dated:
18th September, 2014.
OFFICE
MEMORANDUM
Subject : Payment of Dearness Allowance to Central Government employees Revised Rates effective from 01.07.2014.
The
undersigned is directed to refer to this Ministry's Office Memorandum
No. 1I112014-E.II(B) dated 27th March, 2014 on the subject mentioned above
and to say that the President is pleased to decide that the Dearness
Allowance payable to Central Government employees shall be enhanced from
the existing rate of 100% to 107% with effect from I"July, 2014.
2. The provisions contained in paras
3, 4 and 5 of this Ministry's O.M. No. 1(3)/2008-E.II(B) dated 29th
August, 2008 shall continue to be applicable while regulating Dearness
Allowance under these orders.
3. The additional installment of
Dearness Allowance payable under these orders shall be paid in cash to all
Central Government employees.
4. These orders shall also apply to
the civilian employees paid from the Defence Services Estimates and the
expenditure will be chargeable to the relevant head of the Defence
Services Estimates. In regard to Armed Forces personnel and Railway employees,
separate orders will be issued by the Ministry of Defence and Ministry
of Railways, respectively.
5. In so far as the employees
working in the Indian Audit and Accounts Department are concerned, these
orders are issued with the concurrence of the Comptroller and Auditor
General of India.
/ Signed
/
A.
Battacharya
Under
Secretary of Govt. of India
To,
All Ministries/Departments of the Government of India (as per standard distribution list).
Copy to:
All Ministries/Departments of the Government of India (as per standard distribution list).
Copy to:
C&AG, UPSC, etc., as per
standard list (with usual number of spare copies).
Source
: http://finmin.nic.in/the_ministry/dept_expenditure/notification/da/da01072014.pdf
Monday, September 8, 2014
புதிய பென்ஷன் திட்டம் - சில விளக்கங்கள்
1. | Whether a retiring Government servant is entitled for leave encashment after retirement under the NPS? |
The benefit of encashment of leave salary is not a part of the retirement benefits admissible under Central Civil Services (Pension) Rules, 1972. It is payable in terms of CCS (Leave) Rules which will continue to be applicable to the government servants who join the government service on after 1-1-2004. Therefore, the benefit of encashment of leave salary payable to the governments/to their families on account of retirement/death will be admissible. | |
2. | Why is it mandatory to use 40% of pension wealth to purchase the annuity at the time of the exit (i.e. after the age of 60 years) from NPS? |
This provision has been made in�the New Pension Scheme with an intention that the retired government servants should get regular monthly income during their retired life. | |
3. | Whether any minimum age or minimum service is required to quit from Tier-I? |
Exit from Tier-I can only take place when an individual leaves Government service. | |
4. | Whether Dearness Pay is counted as basic pay for recovery of 10% for Tier-I? |
As per the New Pension Scheme, the total Dearness Allowance is to be taken into account for working out the contributions to Tier-I. Subsequently, a part of the �Dearness Allowance� has been treated as Dearness Pay. Therefore, this should also be reckoned for the purpose of contributions. | |
5. | Whether contribution towards Tier-I from arrears of DA is to be deducted? |
Yes. Since the contribution is to be worked out at 10% of (Pay+ DP+DA), it needs to be revised whenever there is any change in these elements | |
6. | Who will calculate the interest PAO or CPAO? |
The PAO should calculate the interest. | |
7. | What happens if an employee gets transferred during the month? Which office will make deduction of Contribution? |
As in the case of other recoveries, the recovery of contributions towards New Pension Scheme for the full month (both individual and government) will be made by the office who will draw salary for the maximum period. | |
8. | Whether NPA payable to medical officers will count towards �Pay� for the purpose of working out contributions to NPS? |
Yes. Ministry of Health & Family Welfare has clarified vide their O.M. no. A45012/11/97-CHS.V dated 7-4-98 that the Non-Practising Allowance shall count as �pay� for all service benefits. Therefore, this will be taken into account for working out the contribution towards the New Pension Scheme. | |
9. | Whether a government servant who was already in service prior to 1.1.2004, if appointed in a different post under the Government of India, will be governed by the CCS (Pension) Rules or NPS? |
In cases where Government servants apply for posts in the same or other departments and on selection they are asked to render technical resignation, the past services are counted towards pension under CCS (Pension) Rules, 1972. Since the Government servant had originally joined government service prior to 1-1-2004, he should be covered under the CCS (Pension) Rules, 1972. |
DA RAISED TO 107 % wef 01.07.2014 @@@The Union Cabinet chaired by the Prime Minister, Shri Narendra Modi, today gave its approval for the release of an additional installment of Dearness Allowance (DA) to Central Government employees and Dearness Relief (DR) to pensioners with effect from 01.07.2014. This is an increase of seven percent over the existing rate of 100 percent of the Basic Pay/Pension, to compensate for price rise.
Wednesday, May 21, 2014
Expected Dearness Allowance from July 2014 for Central Govt Employees and Pensioners...
Expected DA- Status, as of March 2014
Expected Dearness Allowance from July 2014 : This time
there is a considerable slackening in the pace of the expected DA. It
looks as if there are plenty of reasons for it.
As of March, the AICPIN has increased by one point and is at 239. The
rapid increase in Consumer Price Index (IW) has been brought under
control now. Election is believed to be one of the reasons for it. Since
price rise and inflation are under control, there is not much of an
increase in All India Consumer Price Index for Industrial Workers. With a
fall in the prices of essential commodities, the AICPIN points have
actually reduced.
Another reason is the reduction of AICPIN by 4 points in December 2013.
The Consumer Price Index, which was steadily rising till then, slumped
by 4 points. It wasn’t much of a shock then because the Additional DA
for the month of January 2014 increased by 10% and had touched 100%.
The All India Consumer Price Index for Industrial Workers Base Year 2001=100, which was at 243, fell by 4 points to end up at 239. It again fell by 2 points to touch 237, thus dampening the expectations surrounding the next additional Dearness Allowance announcements. It looks highly unlikely that the AICPIN would rise by 4 points to return to its previous levels.
To calculate the additional DA for July 2014 based on your expected or desired AICPIN points, click the link given below:
We are of the opinion that there will not be much of a change in what we had said last time(Expected da from Jul 14 - Feb).
The table given below will easily explain you why…
Month/ Year |
AICPIN (IW) Base Year 2001=100 |
Increased/ Decreased Points in AICPIN |
Total Points Increased | Total of 12 Months | 12 Months Average | % Increase over 115.763 | Approximate DA | Total DA % | DA% Increase Month wise |
Jan-13 | 221 | 2 | 2535 | 211.25 | 95.49 | 82.49 | 82 | 2 | |
Feb-13 | 223 | 2 | 2559 | 213.25 | 97.49 | 84.22 | 84 | 4 | |
Mar-13 | 224 | 1 | 2582 | 215.17 | 99.41 | 85.87 | 85 | 5 | |
Apr-13 | 226 | 2 | 2603 | 216.92 | 101.16 | 87.38 | 87 | 7 | |
May-13 | 228 | 2 | 2625 | 218.75 | 102.99 | 88.97 | 88 | 8 | |
Jun-13 | 231 | 3 | 12 | 2648 | 220.67 | 104.91 | 90.62 | 90 | 10 |
Jul-13 | 235 | 4 | 2671 | 222.58 | 106.82 | 92.28 | 92 | 2 | |
Aug-13 | 237 | 2 | 2694 | 224.5 | 108.74 | 93.93 | 93 | 3 | |
Sep-13 | 238 | 1 | 2717 | 226.42 | 110.66 | 95.59 | 95 | 5 | |
Oct-13 | 241 | 3 | 2741 | 228.42 | 112.66 | 97.32 | 97 | 7 | |
Nov-13 | 243 | 2 | 2766 | 230.5 | 114.74 | 99.12 | 99 | 9 | |
Dec-13 | 239 | -4 | 8 | 2786 | 232.17 | 116.41 | 100.56 | 100 | 10 |
Jan-14 | 237 | -2 | 2802 | 233.5 | 117.74 | 101.71 | 101 | 1 | |
Feb-14 | 238 | 1 | 2817 | 234.75 | 118.99 | 102.79 | 102 | 2 | |
Mar-14 | 239 | 1 | 0 | 2832 | 236 | 120.24 | 103.86 | 103 | 3 |
Apr-14 | |||||||||
May-14 | |||||||||
Jun-14 |
‘Expected DA from July 2014’ completed its third step..!
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courtesy:90paisa.blogspot.in
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