The Central Government is planning to increase the dearness Allowance (DA raise) of the employees belonging to the Public Sector enterprises acquiring the board level posts such as officers and supervisors of Central Public Sector Enterprises (CPSE)
The Department of Public Enterprises (DPE), under the Ministry of Finance, has announced an increase in DA for officers and supervisors at the Board level or below positions in Central Public Sector Enterprises. This increase has been done on the basis of Industrial Dearness Allowance (IDA) on the 1992 pay scale.
The Department of Public Enterprises (DPE) issued a circular issued on July 7, 2023 which stated that the rate of dearness allowance payable to officers and non-unified supervisors at or below the board level of Central Public Sector Enterprises (CPSEs) has been revised to 39.2 being done. The new rate of Dearness Allowance (DA) will be applicable from 1 July 2023.
How much DA raise will be given over how much basic pay?
- Another circular issued by the Department of Public Enterprises (DPE) that from July 1, 2023 onwards, the dearness allowance rate will be 701.9 percent of the basic salary, which will be approximately Rs 15,428, for employees with a basic salary of up to Rs 3,500 per month.
- Similarly, 526.4 per cent of dearness allowance rate for employees with basic pay between Rs 3,501 and Rs 6,500 per month, subject to a minimum of Rs 24,567. (DA raise)
- With accordance to 421.1 percent of dearness allowance rate for employees with basic pay above Rs 6,500 and up to Rs 9,500 will be 421.1 per cent of the pay, subject to a minimum of Rs 34,216.
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42 percent of DA raise was expected at first:-
The Finance Ministry increased the DA of the employees belonging to the public sector enterprise to an extent of 39.2 percent which is however expected to be 42 percent that every central government employee is entitled with. Even so the Central Government revises the DA Rates every year in the months of January and July. It is anticipated that the Finance Ministry may soon announce an increase in the dearness allowance in the month of July for other central employees. (DA raise)
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