Thursday, August 21, 2008

Wait for seven more days.

According to some reliable sources, it will take nearly one more week to get the Pay Commission Circular to be circulated. The DOPT is working on it.
The problem relating to merger of certain pay scales are being sorted our as there is no benefit in in a promotion in the same pay band and grade pay. The Grade Pays may be changed accordingly.
Uniform date of increment (1st July) is also being judged.

New D.A. Rates as per reliable source;-
From 01.01.2006.......0%
From 01.07.2006.......2%
From 01.01.2007.......6%
From 01.07.2007.......9%
From 01.01.2008.......12%
From 01.07.2008.......16%(As calculated based on inflation)

Till now no more news is available.

4 comments :

Unknown said...
This comment has been removed by the author.
Unknown said...

why wait ? the formula can easily devised
it is
basic pay on a given date after 1-1-06 =
{(BP x 1.86)+ new GP}x (1.03)^
where BP = old basic excluding DP and DA
and ^ = the number of years in service after 1-1-06
DA on 1-7-08 = 16 %
HRA 10/20/30 %
CCA+TA = 1000 apx

Unknown said...

Dear friends,

Yes, the revised DA rates mentioned in this blog is correct as per inflation data. Presently, the Band - 4 starting point fixation is unknown and we have to wait for the detailed paper. I have come across an arrear calculation at the below site.

http://pay-commission-india.blogspot.com/

This incidentally provides the calculation based on the minimum assured 1.86 factor and with the exact DA rates. Helpful indeed.

Kapil Dev Sharma said...

How can you suggest DA on 01/07/2008, as DA should be based on inflation of July,2008 August,2008 & Sep,2008.

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