Monday, November 12, 2012

Punjab increases dearness allowance from July 2012

Punjab hikes 7% Dearness Allowance
The Punjab Govt. has enhanced the rate of dearness allowance (DA) payable to the state government employees/pensioners from 65 per cent to 72 per cent of the revised basic pay with effect from July 1, 2012. 
Click for the Order
While disclosing this here today, state F.M Parminder Singh Dhindsa said the enhanced DA due to be given to the employees from July 1, 2012 to October 31, 2012 has been given in two ways. 

He said that the enhanced DA for the first two months - from July 1, 2012 to August 31, 2012 -- would be deposited in to the GPF account of employees, whereas the arrear of the DA calculating from September 1, 2012 to October 31, 2012 would be given in cash. 

He said that from November 1, 2012 onwards, enhanced dearness allowance would be merged in the salaries to be given to the employees. Dhindsa said the dearness allowance has been increased on the pattern of the Central Govt.

The Finance Minister said 7 per cent DA increase would put an additional liability of Rs 351.63 crore on the state exchequer. 

Dhindsa added that in case of such employees, who have been appointed on or after January 1, 2004, enhanced dearness allowance due for the period from July 1, 2012 to August 31, 2012 would be paid in the shape of National Saving Certificates/Kisan Vikas Patras. 

The minister said in case of pensioners, the entire amount on account of enhanced dearness allowance would be paid in cash with effect from July 1, 2012.

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