Proposed hike of DA for central government employees  

DA likely to be raised by 7%


Ashish Sinha…Posted: Thursday, Sep 15, 2011 at 0131 hrs IST….



New Delhi: The Cabinet may on Thursday raise dearness allowance (DA) for central government employees and dearness relief (DR) for pensioners by 7 percentage points to 58% of the basic pay/pension. The last hike in DA was in March when the government increased it by 6 percentage points. The Cabinet is expected to take a decision in this regard on Thursday, sources said. The Cabinet is also expected to clear a proposal for giving productivity linked bonus to Railway employees for the year 2010-11, sources added.

With the proposed DA hike, the basic pay of the central government employees (or pensioners as the case may be) would go up by 36% over a two-year period. The hikes will be implemented from July 1, 2011. The combined impact on the exchequer on account of both DA and DR increase between January 2009 and January 2011 is estimated to have crossed Rs 16,000 crore. The measure is set to provide relief to a total of around 5 million central government employees and around 4 million pensioners.

The change in DA, which is linked to the consumer price index, has lead to a further change in other allowance structure since rate breached the 50% of basic pay mark in March. For instance, payments like conveyance allowance and children’s education allowance have also gone up by 25%. This hike is in accordance to the formula given in the sixth pay commission report which says: “The rates of these allowances will be increased by 25% every time the DA payable on revised pay scales goes up by 50%.” As a result, there will also be an increase in the special compensatory allowance for the central government employees posted in remote areas such as the north-east and Jammu & Kashmir. Their special allowance also goes up by 25% the moment the 50% trigger was breached. The increased DA and DR are expected to help the households of central government employees and pensioners who are already exposed high inflation.

The Cabinet is also expected to clear the Delhi-Mumbai Industrial Corridor project being implemented in collaboration with Japan at Thursday’s meeting. The project was conceived five years ago and envisages setting up of industrial corridor along the Delhi-Mumbai stretch. It will comprise seven new cities, nine industrial parks, three ports, six airports and a 1,483 km high-speed rail and road line will be developed as a trading hub. The States covered by the project include Uttar Pradesh, Haryana, Rajasthan, Gujarat, Maharashtra and Madhya Pradesh.

The Cabinet will also take up for consideration the national manufacturing policy that aims at raising contribution of manufacturing in GDP from 16% to 26% by 2025 and creating 100 million jobs in next 10 years. Manufacturing sector contributes over 80% to the overall industrial production.

Read More...
AddThis Social Bookmark Button

Mallika and Kangna are adding to the glam quotient" - Arshad  

Ishqiya, Golmaal 3, F.A.L.T.U. (special appearance) and now Double Dhamaal - G1oing couldn't have been better for Arshad Warsi who is managing to chug along for a decade and a half now even as many others have started and fizzled out in the same time duration. When most films and their actors aim at justifying their comedies by terming them as 'situational' or 'classy', Arshad is merrily flaunting his Double Dhamaal for what it is. In his conversation with Joginder Tuteja, Arshad promises that Double Dhamaal is in a genre of it's own and has the kind of banana peel humour that would not just make it appear as a kids' outing but also turn it into the kind that would appeal to adults alike.
Anjitha:1670

Read More...
AddThis Social Bookmark Button

Krishna Kanta Handique State Open University (Assam) (KKSOU) UG and PG Programmes Admission Notification 2011 Posted by Admin as Exam Alerts  

The Krishna Kanta Handique State Open University, first of its kind in the entire North East and fourteenth amongst the Open universities in India was established by the Assam Legislative Assembly by an Act (XXXVII of 2005) in 1995. The Act received the assent from the Governor on 7th September, 2005. The University formally started functioning from December 11, 2006 after Professor Srinath Baruah, Professor in Economics, Gauhati University assumed office as its First Vice-Chancellor. Subsequently, the University declared July 20th, the birth day of Krishna Kanta Handiqui after whom the University was named, as its Foundation Day.
Anjitha:1669

Read More...
AddThis Social Bookmark Button

On the 29th Anniversary of Hurricane Agnes Some Sparks Will Fly!  

Not a whole lot different today than yesterday but there are some subtle changes that will make a difference from Sunday. It is 12:30pm and the East Coast sea breeze has yet to form north of South Florida. It should begin during the next 30-60minutes and work from South to North up the coast. The breeze north of Vero Beach might first be felt from the N-NE and remain quite late until the true sea breeze arrival later in the afternoon. This wind will remain close to the coast..and will not be the full bore sea breeze.

Anjitha:1668

Read More...
AddThis Social Bookmark Button

Adam lambert and Glee Star Supports Gay Marriage  

Darren Criss, who plays and proud of Glee Anderson, Blaine Fox Music, and singer Adam Lambert, on Friday welcomed the distance to the gay marriage law in New York. New York City on Friday evening, the Senate adopted the law prohibited the marriage, the governor, Andrew Cuomo, four Republicans joined all but one vote in the Democratic measure. The majority of the Assembly approved the measure last week. Last-minute changes, ranging from religion to protect, and Bill has helped win more than two undecided Republicans in the Senate. Upon receipt of the bill passes the Senate for developers, who were lined up day began to chant, “USA! USA! USA!”.
To read more:http://www.adamlambertworld.com/
Anjitha:1667

Read More...
AddThis Social Bookmark Button

Energy News from the World

Energy News from the World
Editors Pick