16 July : The government on Wednesday announced a hike in dearness allowance of CPSE executives, giving them a minimum rise of Rs 4,634 in DA a month. The revision is applicable from July 1, the Department of Public Enterprises said in an office memorandum.Central Public Sector Enterprises executives holding board level post, below board level post and non-unionised supervisors will get benefit from the decision.
Employees with basic pay of up to Rs 9,500 will now get DA at the rate of 105.4 per cent subject to a minimum of Rs 12,018 per month.
Those with a basic pay of up to Rs 3,500, the DA will be 210.8 per cent subject to a minimum of Rs 4,634.
Employees with basic pay between Rs 3,500 and Rs 6,500, the DA is 158.1 per cent of their pay subject to minimum of Rs 7,378.
DA will be 126.5 per cent for those whose pay is between Rs 6,500 and Rs 9,500. In this category, the minimum DA is Rs 10,277.