PSU dearness allowance – IDA increased to PSU employees

PSU Dearness Allowance – Increased for 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

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).
2. In continuation of this Department’s O.M. of even No. dated 08.01.2013, the rates of DA payable to the executives of CPSEs holding Board level post, below Board level post and non- unionised supervisors following IDA pattern of 1992 pay scales may be modified as follows:-
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
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