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Saturday, October 22, 2011

Punjab Govt releases 7 per cent DA to its staff and pensioners

As expected and informed earlier in this blog nearly a week ago, Punjab Govt. today released D.A. at par with Central Government.
"Giving a Diwali bonanza to its employees and pensioners, the Punjab government today announced to release an installment of Dearness Allowance (DA) of 7 per cent, enhancing it to 58 per cent with effect from July 1, 2011, on the pattern of central government employees. The enhanced DA of 7 per cent would put an additional burden of Rs 445 crore on the state exchequer for the remaining period of current financial year, an official spokesman said here today. He said that the arrears of the DA till October 31, would be deposited in the GPF of the employees and would be paid in cash from November 1."
Source : PTI

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