Higher Allowances : Any announcement in budget ?

7th Pay Commission: Govt may make key announcement on higher allowances in Budget Session

The Budget Session could bring smiles on faces of about 47 lakh Central government employees and 53 lakh pensioners as the government may reveal its final stand on higher allowances recommended by the 7th Pay Commission.

 Central government employees, who who have been waiting for higher allowances under the 7th Pay Commission since July last year, will keep a close eye on Budget 2017, which is to be presented on February 1. The Budget Session could bring smiles on faces of about 47 lakh Central government employees and 53 lakh pensioners as the government may reveal its final stand on higher allowances recommended by the 7th Pay Commission.

Kerala enhance Dearness Allowance by 3%

Kerala Government Employees, Teachers and Pensioners will get an enhanced Dearness Allowance of 12% from this month.

The decision to enhance the DA by 3% was taken by the government on Wednesday, a release from the Finance minister's office said. The new DA will be given in the January salary and will have retrospective effect from July 2016, the release added.

For the employees the arrears will be merged with Provident Fund, while pensioners will get the arrears in cash. The enhanced DA will cause a monthly burden of Rs 86.07 crore and yearly burden of Rs 1032.84 crore to the state exchequer.

Govt. modified date of effect of enhanced CGHS contribution

Govt. changed the date of effect of enhancement of CGHS contribution as 1st February 2017 instead of 01.01.2017 as notified earlier.
Click here for the modification notification

CGHS contribution enhanced w.e.f 01.01.2017

Update : date of effect modified as 01.02.2017
Consequent to revision in the pay structure of Central Govt. employees, CGHS contribution is going to be enhanced from 01.01.2017 at the following rate :

Sr. No.	Level in the Pay Matrix	Contribution per month (Rs)
1	Level 1 to 5	250
2	Level 6	450
3	Level: 7 to 11	650
4	Level 12 and above	1000

Click here to view the O.M. for change in other entitlements.

ATM withdrawal limit enhanced to Rs 10,000/-

On a review of limits placed on withdrawals from ATMs and current accounts, it has been decided to enhance the same, with immediate effect as under:

(i) The limit on withdrawals from ATMs has been enhanced from the current limit of  4,500/- to 10,000/- per day per card (It will be operative within the existing overall weekly limit).

(ii) The limit on withdrawal from current accounts has been enhanced from the current limit of  50,000/- per week to  1,00,000/- per week and it extends to overdraft and cash credit accounts also.

Click here to view the RBI Notification