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EXPECTED DEARNESS ALLOWANCE FROM JULY 2013

Expected DA from 1.7.2013

Perhaps it is very early to calculate the status of  additional Dearness allowance from July 2013 for Central Government employees and Pensioners, before releasing the AICPIN for the balance of four months i.e. March, April, May and June. Enquirers are being poured as comments and received emails to our inbox about the 'Expected DA from July 2013'. 

We can assume that the AICPIN will certainly go up, because of the essential commodities prices are going high with non stop. Anyway we can assume the additional Dearness allowance from July 2013 will be 10%. It is not an authentic source of information, it is our forecast calculation method based on the AICPIN will step up one point from the existing level for coming months. Now the Dearness allowance stands at 80%, perhaps if our calculation could happens then the Dearness allowance may go up to 90% from 1.7.2013.

Early Decision – No need to pay Arrears on DA and 7th CPC

Decision in the right time –will avoid more funds to allocate as arrears!

At last, the most eagerly awaited announcement of additional dearness allowance has been declared by the cabinet, due from January 2013 to Central Government employees and Pensioners.

In general the announcement of dearness allowance has been made in the month of March every year. But this year this has been declared in the month of April. Though it was announced after some delay, there is no any loss, as the dearness allowance hike has to be paid with effect from 01-01-2013.

Before this announcement, there was a rumour that 50% dearness allowance will be merged with basic pay or otherwise dearness allowance will not be hiked, but the cabinet committee decision cleared these doubts.

Employees and Pensioners will get one more month arrears from January to April. Government has to allocate more funds as arrear due to delay.

If the decisions concluded in the right time, there will be no chance to allocate more fund for the payment of arrears and also prevent practical problems to accounting staff.

Even the National anomaly committee, after six years it was formed, has not solved all the problems raised due to the implementation of 6th CPC.

After the implementation of 6th CPC in 2008 with effect from 01.01.2006 , arrears had to be paid to Central Government servants. To avoid the additional financial burden, the Central Government decided to pay the arrears’ in two installments in 2008 and 2009. For this, government had to allocate more fund from budget. It can be avoided by early constitution of 7th pay commission.

So, to find the solution to all including disbursing authorities, setting up of 7th Central Pay Commission at early stage to implement in the right time, the same is demanding by the central trade unions and associations.

Every decision in the right time –will avoid more funds to allocate as arrears!

    

No. 1(2)/2013-E-II (B)
Government of India Ministry of Finance
Department of Expenditure
North Block, New Delhi,
Dated: 25th April, 2013.


OFFICE MEMORANDUM

Subject: Payment of Dearness Allowance to Central Government employees - Revised Rates effective from 1.1.2013.


     The undersigned is directed to refer to this Ministry's Office Memorandum No. 1(8)/2012-E-II (B)  dated  28th September, 2012 on the subject mentioned above and to say that the President is pleased to decide that the Dearness Allowance payable to Central Government employees shall be enhanced from the existing rate of 72% to 80% with effect from 1st Jan, 2013.



2     The provisions contained in paras 3, 4 and 5 of this Ministry's O.M. No. 1 (3)/2008-E-II(B) dated 29th August, 2008 shall continue to be applicable while regulating Dearness Allowance under these orders.

3     The additional installment of Dearness Allowance payable under these orders shall be paid in cash to all Central Government employees.

4     These orders shall also apply to the civilian employees paid from the Defence Services Estimates and the expenditure will be chargeable to the relevant head of the Defence Services Estimates. In regard to Armed Forces personnel and Railway employees separate orders will be issued by the Ministry of Defence and Ministry of Railways, respectively.

5     In so far as the persons serving in the Indian Audit and Accounts Department are concerned, these orders issue in consultation with the Comptroller and Auditor General of India.


Sd/-
(K.R. Sharma)
Under Secretary to the Government of India



COMING SOON: ATMS, INTERNET BANKING AT POST OFFICES



There is a good news for around 200 million post office saving bank (POSB) account holders.
The Department of Posts (DOP) has launched a project to provide account holders with ATM facility. Under the project, all post offices throughout the country will be connected through an IT network. Besides, account holders will also be able to avail Internet banking facilities.

“We will connect the network of 1.55 lakh post offices that includes 1.2 lakh in rural areas,” said Kavery Banerjee, member, technology, postal services board. “Our central data centre is ready and vendors are developing customised banking service solutions.”

POSB operates small savings schemes on behalf of the ministry of finance and has over 260 million account holders, out of which about 200 million are saving and recurring deposit account holders. Total outstanding balance under all accounts in the POSB stood at around Rs.3,96,664 crore as on March 2012.

At present, an account holder has to go to a post office during office hours to withdraw money. Moreover, there is no facility of electronic transfer of money to a third-party account.
“Once customers are provided with the ATM facility, they will be able to withdraw money from any ATM, including that provided by banks,”said Banerjee.

Customers will, however, have to wait for more than a year to avail the ATM facility. POSB will start implementing core banking solution in limited number of post offices by the end of this year. Next year, it will be implemented in large number of post offices once the system is perfect.
For rural post offices, the department will provide handheld devices that will enable one to perform all banking operations.

PA/SA Direct Recruitment Exam which was tentatively scheduled on 21st April 2013 (ie. Phase I which includes Tamilnadu Circle) has been postponed to 12th May 2013.

Apptitude Test (Paper I) is tentatively scheduled on 12-05-2013.
Admit card is/ will be despatched on 12-04-2013.
 
If you do/have not received the Admit Card by 27-04-2013 then you can download the admit card on line from the 29-04-2013.

 Also report any discrepancy (if any) in Admit Card data from 29-04-2013 using the link GENERATE ADMIT CARD.