DA Hike news: Good news for CPSE staff, Govt hikes Dearness Allowance for Central Public Sector Enterprises employees — Check rates, pay scale
Central Public Sector Enterprises (CPSEs) Dearness Allowance Hike DA DR Hike latest News: As per the Office Memorandum dated July 7, the increased Dearness Allowance (DA) rates will be payable to the aforementioned executives from July 1, 2023.
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Dearness Allowance Hike, DA Hike latest News: Ministry of Finance's Department of Public Enterprises (DPE) has hiked the Dearness Allowance (DA) rates for Central Public Sector Enterprises (CPSEs) employees — who currently hold Board level rank, below Board level rank and non-unionised supervisors — and follow the Industrial Dearness Allowance (IDA) pattern of 1992 pay scales.
As per the Office Memorandum dated July 7, the increased Dearness Allowance (DA) rates will be payable to the aforementioned executives from July 1, 2023.
As per the Office Memorandum issued by the Department of Public Enterprises (DPE) mentions the new DA rates are —
Dearness Allowance Hike: Increase in Dearness Allowance for CPSE employees with respect to Basic Pay
| Basic Pay per Month | DA Rates |
|---|---|
| Upto Rs 3500 | 701.9% of pay subject to minimum of Rs 15,428 |
| Above Rs 3500 and Upto Rs 6500 | 526.4% of pay subject to minimum of Rs 24,567 |
| Above Rs 6500 and Upto Rs 9500 | 421.1% of pay subject to minimum of Rs 34,216 |
| Above Rs 9500 | 351.0% of pay subject to minimum of Rs 40,005 |
Dearness Allowance Hike: Revision of scales of pay with effect from 1st January, 2017
As per the office memo released by the Department of Public Enterprises (DPEs) the new rates for Dearness Allowance for Board level and below Board level posts including Non-unionised supervisors in Central Public Sector Enterprises (CPSEs) is as follows —
The undersigned is directed to refer to the para 7 and Annexure-lll (B) of DPE's OM dated 03.08.2017 wherein the rates of DA payable to the Board level and below Board level executives and non-unionized supervisors of CPSEs have been indicated. The rate of DA payable to the executives and non-unionized supervisors of CPSEs with effect from O1.O7.2023 for 2O17 Pay Scales is 39.2%.
2. The above rate of DA 39.2% would be applicable in the case of IDA employees who have been allowed revised pay scales (2017) as per DPE Office Memo. dated 03.08.2017, 04.08.2017 and 07.09.2017.
Dearness Allowance Hike: Revision of scales of pay with effect from 1st January, 2007
As per the office memo released by the Department of Public Enterprises (DPEs) the new rates for Dearness Allowance for Board level and below Board level posts including Non-unionised supervisors in Central Public Sector Enterprises (CPSEs) is as follows —
1) The undersigned is directed to refer to the para 6 and Annexure-II (B) of DPE's OM dated 26.11.2008 wherein the rates of DA payable to the Board level and below Board level executives and non-unionized supervisors of CPSEs have been indicated. The rate of DA payable to the executives and non-unionized supervisors of CPSEs with effect from O1.O7.2023 for 2OO7 pay scales is 2O5.6%.
2. The above rate of DA, that is - 205.67%, would be applicable in the case of IDA employees who have been allowed revised pay scales (2007) as per DPE O.Ms. dated 26.11.2OO8, 09.02.2009 & 02.04.2009.
Dearness Allowance Hike: Revision of scales of pay with effect from 1st January, 1997
1) The undersigned is directed to refer to the new DA Scheme at Annexure-III of DPE's OM dated 25.06.1999 wherein the rates of DA payable to the Board level and below Board level executives and non-unionized supervisors of CPSEs have been indicated. The rate of DA payable is 416.0% from 01.07.2023 to the executives and non-unionized supervisors of CPSEs.
2. The above rates of DA i.e. 416.0% would be applicable in the case of IDA employees who have been allowed revised pay scales (1997) as per DPE O.M. dated 25.06.1999.
Dearness Allowance Hike: Revision of scales of pay on 1987 and 1992 basis
The undersigned is directed to refer to Para No. 4 of this Department's O.M. No.2(5O)/86-DPE(WC) dated 19.07.1995 wherein the rates of DA payable to the executives holding Board level post have been indicated. In accordance with the DA scheme spelt out in Annexure-III of the said O.M, the installments of DA become payable from 1st January, 1st April, 1st July and 1st October, every year based on the price increase above quarterly Index average of 1099 (1960=100).
2. In continuation of this Department's O.M. of even No. dated 13.04.2023, the rates of DA payable to the executives of CPSEs holding Board level post, below Board level post and Non-Unionized Supervisors following IDA pattern of 1992 pay scales may be modified as follows:-
Date from which payable: 01.07.2023
Average AICPI (1960=100) for the quarter March, 2023 to May, 2023 is 8813. The increase over the link point in percentage [(8313-1099)/1099*1OO] is 7O1.9%.
DA Rates for various Pay Ranges with effect from 01.07.2023
3. The payment on account of dearness allowance involving fractions of 50 paise and above may be rounded off to the next higher rupee and the fractions of less than 50 paise may be ignored.
4 The quantum of IDA payable from 01.07.2023 at the old system of neutralization @ Rs.2.00 per point shift for increase of 96 points, may be Rs.192/- and at AICPI 8813, DA payable may be Rs. 16215.75 to the executives holding Board level post, below Board level post and non-unionized supervisors following IDA pattern in the CPSEs of 1987 pay scales.
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