The Ministry of Finance on Tuesday ordered to implement the Cabinet decision to hike Dearness Allowance for central government and CPSEs employees from July 1 Last week. The cabinet had approved an 11 percentage point hike in Dearness Allowance ( DA ) with effect from July 1.
In an office memorandum, the Department of Public Enterprise under the Finance Ministry said the DA payable to Central Public Sector Enterprise (CPSEs) employees shall be enhanced from the existing rate of 17 per cent to 28 per cent of basic pay. The increase subsumes the additional installations arising on January 1 , 2020, July 1 , 2020 , and January 1 , 2021 . ”
In April last year, the Finance Ministry had put on hold an increment in dearness allowance ( DA ) till June 30 , 2021 , due to the COVID – 19 pandemic. President of Bokaro Steel Officer Association (BSOA), A K Singh said that it would be better if the DA would not be held by the government. But anyway SAIL employees are happy with its implementation.
