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Enhancement in the rate of Festival Advance as a result of increase in DA w.e.f. 01.01.2014
GOVERNMENT OF INDIAMINISTRY OF RAILWAYS(RAILWAY BOARD)RBE No. 79/2014
No. 2011/E (LL)/FA/1New Delhi, dated: 22.07.2014
Sub: Enhancement in the rate of Festival Advance as a result of increase in DA w.e.f. 01.01.2014Please refer to Board’s letter of even conveying enhancement in the rate of Festival Advance by 25% on increase of Dearness Allowance to 51%.2. Railway Board vide letter No. PC.V112008/1f7/2/1 dated 28.03.2014 has enhanced the DA payable to railway employees from the existing rate of 90% to 100% w,e.f. 01.01.2014.3. Consequent upon aforesaid enhancement of DA to 100%, the matter regarding revision in the rate of Festival Advance has been considered by the Board and decided that the rate of festival advance shall increase by 25%, w.e.f. 01.01.2014.4. This issues with the concurrence Ministry of Railways.5. There is no change in the other terms and conditions for grant of festival advance.
Please acknowledge receipt.(Madan Lal)Director Estt(LL)
Source : NFIR/AIRF