498% DA from 1st July 2018 for CPSE Employees getting pay in 1987 and 1992 basis
Central Public Sector Enterprises Employees who getting pay on 1987 and 1992 basis to get 498.1% DA with effect from 1st July 2018
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: 4th July, 2018
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. 4 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-III of the said O.M, the installments of DA become payable from 1″ January, 1″ April, 1st July, 1st October, every year based on the price increase above quarterly Index average of 1099 (1960=100).
2. In continuation of this Department’s O.M. of even No. dated 03.04.2018, the rates of DA payable to the executives of CPSEs holding Board level post, below Board level post and Non-Unionized Supervisors following IDA pattern of 1992 pay scales may be modified as follows:
(a) – Date from which payable: 01.07.2018
(b) – AICPI (Linked to 1960=100) for the quarter Mar.’2018.- May’ 2018
March, 2018 6552
April, 2018 6572
May, 2018 6596
Average of the quarter 6573
(c) Increase over link point : 5474 (6573-1099)
(d) % increase over link point: 498.1% (5474/1099* 100)
DA Rates for various Pay Ranges
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 01.07.2018 at the old system of neutralization @ Rs. 2.00 per point shift for increase of 23 points, may be Rs. 46/- and at AICPI 6573 DA payable may be Rs. 11735.75 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 foregoings to the notice of the CPSEs under their administrative control for necessary action at their end.
Also Read the following previous Articles on CPSEs DA Revision