“The
Central cabinet is likely to give its approval to a two percent Dearness
Allowance hike, with effect from January 2017, to the Central Government
employees.”
The
cabinet is, at its next meeting, expected to give its approval to the
additional Dearness Allowance of two percent to Central Government employees
and pensioners, to come into effect from January 1, 2017 onwards.
The
2% Additional Dearness Allowance hike will be calculated on the basis of the
basic pay as recommended by the Seventh Pay Commission, and will be given to
more than 47 lakh Central Government employees and 53 lakh pensioners, of which
14 lakh employees and 18 lakh pensioners are from the defence forces.
The
Dearness Allowance, issued once every six months, is given to Central
Government employees and pensioners to help them manage the increase in prices
of essential commodities. The Dearness Allowance is calculated on the basis of
the Consumer Price Index Numbers for Industrial Workers on Base Year 2001=100.
The
percentage for January 2017 was arrived at by recording the prices of essential
commodities at 78 towns and cities across the country, for the months of July
2016 till December 2016. Based on the data and calculation, the percentage may
be fixed at 4.95 percent. But, according to the method prescribed by the Pay
Commission, the decimal numbers are ignored. Hence, a Dearness Allowance of
four percent will be issued with effect from January 1, 2017 onwards.
No comments:
Post a Comment