Clarification on increase in certain allowances 25% as a result of enhancement of Dearness Allowance w.e.f 01-01-2011

RBE No.78/2011
PC - VI No.261

Government of India
Ministry of Railways
(Railway Board)

No.E(W)2008/ED-2/4                                                               New Delhi, Dated:01-06-2011

The General Manager (P),
All Indian Railways & PUs.

Sub: Clarification on increase in certain allowances 25% as a result of enhancement of Dearness Allowance w.e.f 01-01-2011.

   Please refer to Railway Board's letter of even number dated 01.10.2008 containing revised policy instructions on Children Education Allowance and Hostel Subsidy admissible to Railway servants based on the recommendations of Sixth Central Pay Commission as per DOP&Ts OM No.1201l/03/2008-Estt.(Allowance) dated 02.09.2008. Reference is also invited to Railway Board’s letter E(W)2008/ED-2/5 dated 13-10-2008 containing instructions on Special Allowance for child care for women with disabilities and Education Allowance for disabled children as per DOP&T’s OM NO.12011/04/2008-Estt.(Allowance) dated 11.09.2008. As per revised scheme, reimbursement limits on Children Education Allowance and Hostel subsidy would be raised by 25% every time the Dearness Allowance on the revised pay structure goes up by 50%.

   2. Railway Board vide letter No.PC-VI/2008/1/7/2/1 dated 25-03-2011 has enhanced the Dearness Allowance payable to Railway employees from the existing rate of 45% to 51% with effect from 1st January, 2011.

   3. Consequent to aforesaid enhancement in Dearness Allowance to 51%, limits on reimbursement of Children Education Allowance & Hostel Subsidy shall go up by 25% w.e.f. 1st January, 2011. DOP&T vide Office Memorandum No.12011/01/2011-Estt.(Allowance) dated 04-05-2011 (copy enclosed) has issued clarification to this effect that Children Education Allowance and Hostel Subsidy allowance shall be enhanced by 25% as a result of enhancement of Dearness Allowance to 51% from w.e.f. 1st January, 2011. The clarification issued by DOP&T shall apply mutatismutandis in respect of Railway employees.

   Please acknowledge receipt.

sd/-
(Debasis Mazumdar)
Joint Director Estt.(Welfare)
Railway Board

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PFRDA: NPS equity investment cap to remain at 50%

PFRDA: NPS equity investment cap to remain at 50%

The Pension Fund Regulatory and Development Authority (PFRDA) today said it favoured retaining the cap on investment in equities by the New Pension Scheme at 50 per cent, irrespective of the recommendations of the Bajpai committee.

The NPS comprises three investment categories —- G (ultra safe), C (safe) and E (medium). Of these, the E category investments are invested in equity-related products, the cap for which is 50 per cent.--

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Arunachal govt employees to get additional 6% DA

 

The Arunachal Pradesh government has decided to release an additional 6% Dearness Allowance (DA) for its employees and pensioners with effect from January this year.

"Keeping in view the rising costs of daily living and the consequent hardships experienced by the employees, the government has decided to increase the DA to 51% from the existing 45% which, will cost the state exchequer a total of Rs 84.10 crore," state Finance Minister Kalikho Pul said in a statement today.

While holding that the financial position of the state can improve only when all categories of government officers and officials sustain efforts in enhancing the revenue, howsoever negligible the amount may be, he said that no government can manage the finances effectively only by spending.

"Rather we have to steadily achieve self-reliance in finance by increasing our own revenue," Pul pointed out.

Pul also informed that the government is considering sorting out stipend problems of the students by creating a separate head of expenditure and separate allocation so that monthly payment of stipends can be made to ensure smooth procurement of ration.

"Numerous poor students who are unable to pay their hostel dues will stand benefited under the new system and education as a whole will get boost in the state," he said.

The government is also actively considering providing stipends to students of class one to five of upgraded fourth standard to upper primary schools who are deprived of the facility after upgrading

 

http://www.moneycontrol.com/news/economy/arunachal-govt-employees-to-get-additional-6-da_554717.html