PSU dearness allowance – IDA increased to PSU employees

Government of India

 Ministry of Heavy Industries & Public Enterprises

Department of Public Enterprises

Public Enterprises Bhawan

Block 14, CGO Complex,

Lodi Road, New Delhi-110003

Dated : 8th April, 2013

OFFICE MEMORANDUM

Subject: – Payment of DA to Board level/below Board level executives and non-unionized supervisors following IDA scales of pay in Central Public Sector Enterprises (CPSEs) on 1987 and 1992 basis.

The undersigned is directed to refer to para No. 3 of this Department’s O.M. No, 2(50)/86- DPE(WC) dated 19.07.1995 wherein the rates of DA payable to the executives holding Board level post have been indicated. In accordance with the DA scheme spelt out in Annexure-II of the said 0.M, the installments of DA become payable from 1st January, 1st April, 1st July, 1st October, every year based on the price increase above quarterly Index average of 1099(1960-100).

Date from Which payable	AICPI for the quarter	Increase over last quarter (points)	Pay range	Rate of DA per month
01.04.2013	Dec, 2012 4999 Jan., 2013 5043 Feb., 2013 5088	98	Basic pay upto Rs. 3500/- p.m.	358.9% of pay subject to minimum of Rs.7888/-
			Basic pay above Rs. 3500/- p.m. and upto Rs. 6500/-	269.2% of pay subject to a minimum of Rs.12562/-
	Average of the 5043 quarter		Basic pay above Rs.6500/- p.m. & upto Rs. 9500/-	215.3% of pay subject to a minimum of Rs.17498/-
			Basic pay above Rs.9500/- p.m.	179.4% of pay subject to a minimum of Rs.20454/-

3. The payment on account of dearness allowance involving fractions of 50 paise and above may be rounded off to the next higher rupee and the fractions of less than 50 paise may be ignored.

4. The quantum of IDA payable from 01.04.2013 at the old system of neutralization @ Rs. 2.00 per point shift for increase of 98 points may be Rs.196/- and at AICPI 5043 DA payable may be Rs.8675.75 to the executives holding Board level post, below Board level post and non unionised supervisors following IDA pattern in the CPSEs of 1987 pay scales.

5. All administrative Ministries/Department of Government of India are requested to bring the foregoing to the notice of the CPSEs under their administrative control for action at their end.

Sd/-

(M.Subbarayan)

Director