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LATEST CENTRAL GOVERNMENT EMPLYOEES NEWS
Central Government Holidays 2023 PDF
42% DA Order for Central Govt Employees wef 01.01.2023 – Finmin Orders 2023
Revised Rates of HRA 27%, 18% and 9% from 01.01.2021 - Finmin Orders 2021


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Kendriya Vidyalaya Admission Schedule 2023-2024
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LATEST CENTRAL GOVERNMENT PENSIONERS NEWS
OROP-2 Pension Revision Table 1 to 121 for Defence Pensioners wef 1.7.2019
Annual Increment Due on 1st July to the Employees Retiring on 30th June
Notional Increment on the Day of Superannuation
FR 56(j) of CCS (Pension) Rules age of 50 years or on Completion of 30 years of Service
Coverage under CCS (Pension) Rules CG employees appointment before and after 01-01-2004

Dearness Relief for Bank Pensioners 7.7% increase from February 2021 to July 2021

February 2, 2021

Central Govt Holiday List 2023 PDF | Holiday Calendar 2023 India

Bank Pensioners – An increase of 77 Slabs for the half year February to July 2021

Indian Banks’ Association

HR & INDUSTRIAL RELATIONS

No. CIR / HR& IR / D/G2 / 2020-21 / 9589 February 1, 2021

Designated Officers of all Member Banks
which are parties to the Bipartite Settlement on Pension

Dear Sir/ Madam,

Dearness Relief payable to Pensioners for the period February 2021 to July 2021

The confirmed All India Average Consumer Price Index Numbers for Industrial Workers (Base 1960=100) for the quarter ended December 2020 are as follows:-

Month Index nos.
base 2016=100
(X)
Index nos
base 2001=100
(X* 2.88)
Index nos
base 1960=100
(X*2.88*4.63*4.93)
October 2020 119.5 344.16 7855.76
November 2020 119.9 345.31 7882.07
December 2020 118.8 342.14 7809.74

In terms of Regulation 37 of Bank Employees’ Pension Regulations, 1995 Dearness Relief is payable to pensioners at rates specified in Appendix II to the Regulations.

Pending amendments to Pension Regulations, Banks may pay on ad hoc basis, the Dearness Relief payable to pensioners for the period February 2021 to July 202 las per Annexure.

Yours faithfully,

SD/-

S K Kakkar
Senior Advisor (HR & IR)

Also Read: Bank Employees Dearness Allowance Payable from 1st February 2021 to 30th April 2021

I) Based on the quarterly average of 7848, the increase in DR Rate effective for the half year February 21 to July 21 comes to 77 slabs (7.7% increase) and total DR works out to 85.2% of Basic Pension for the pensioners, (other than family Pensioners), who are being paid Dearness relief on CPI = 4440,

II) The Dearness Relief in respect of all family pensioners who are being paid DR based on CPI = 2836 will be 187.95% of Family Pension.

Rate of Dearness Relief in respect of ex-gratia recipients: 1214.04 %

III) The in service employees will get 33 slabs more.

READ ALSO:

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ALLOWANCE NEWS

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DA from April 2023 at 202.3% to CPSE Employees for 2007 Pay Scales

Payment of DA at Revised Rates from April 2023 at 37.7% to CPSE Employees for 2017 Pay Scales

42% Dearness Relief to Central Government Pensioners and Family Pensioners from 01.01.2023

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Processing of Transfer Applications of GDS under Limited Transfer Facility through GDS Online Transfer Portal

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