Telengana hikes D.A from january 2015

3.144% DA will likely be granted for Telangana Employees and Pensioners from 1st January 2015 (01.01.2015). This 3.144% New D.A will be applicable from 01.01.2015. Telangana Govt will soon release New D.A G.O for the its employees and D.R (Dearness Relief) G.O for its Pensioners. Last DA enhancement was announced in the month of September 2014. After PRC, this will be the 1st DA announcement by the Telangana state government. 

Cabinet approved 6% D.A for central employees and pensioners from 01.01.2015

The Union Cabinet chaired by the Prime Minister, Shri Narendra Modi, today gave its approval for the release of an additional installment of Dearness Allowance (DA) to Central Government employees and Dearness Relief (DR) to pensioners with effect from 01.01.2015. This is an increase of six percent over the existing rate of 107 percent of the Basic Pay/Pension, to compensate for price rise.
Hence, Central Government employees as well as pensioners are entitled for DA/DR at the rate of 113 percent of the basic pay with effect from 01.01.2015. The increase is in accordance with the accepted formula based on the recommendations of the 6th Central Pay Commission. 
The combined impact on the exchequer on account of both DA and DR would be of the order of Rs. 6762.24 crore per annum and Rs. 7889.34 crore in the Financial Year 2015-16 ( i.e. for a period of 14 months from January 2015 to February 2016). 
This will benefit 48 lakh government employees and 55 lakh pensioners. 
Click here for PIB Press Release.

Bankers to get two saturdays / month as holiday, but when ?

As per the MOU signed by IBA and UFBU with reference to Xth Bipartite Agreement, second and fourth saturdays of every month will be bank holidays. Though they will have to work the other saturdays full time. The question among bankers that from when they can enjoy this extra holidays as it was hard previously that banks would be closed on alternative saturdays from April itself. But practically bank employees may have to wait a bit more to get the holidays. As per information available with us, at first the final bipartite agreement will be signed, possibly within two months. Then it will be sent to central Govt. and the Government will finally declare the additional holidays. Most likely bank employees may get the saturday holidays after a couple of months only.

Be cautious about "fake" D.A. order : Finance Ministry warns

As we are aware that central employees and pensioners are eagerly waiting for the announcement of Dearness Allowance, which is due from 1st January 2015. Though as per convention, it is announced in the month of March, but this time cabinet is yet to approve the hike.(There is a possibility of announcement on 2.4.15).
In the meantime some persons have circulated a fake order for payment of D.A. It looks like almost original (A copy of which is available with us also but we decided not to publish the fake order to avoid any possible misunderstanding) and is being  widely circulated in social medias. It may have been created for simple fun on "April Fool" day but it may have wide impact.
Ministry of Finance issued an O.M. warning against this fake order as
"It is clarified that the O.M. dated 30.03.2015, purportedly issued by the Ministry of Finance, is a fake and that no such instructions have been issued by the Department of Expenditure, Ministry of Finance. Accordingly, all Ministries/Departments and Central Government offices are hereby advised not to take cognisance of these fake instructions being circulated in Government offices."
Click here to view the O.M. dated 1.4.2015

Central D A from Jan'15 : Announcement on Thursday ?

Central employees and pensioners are very much worried for not announcing the D A payable from 1.1.15 . Usually it is declared in the month of March but despite a number of cabinet meetings, nothing is declared yet.
As per available information. the much awaited 6% hike is going to be announced tomorrow, 2nd April.