Addl installment of DA for CPSE execs, non-unionised supervisors frozen

Further, the additional instalments of the DA due from January 1, 2021, and April 1, 2021, will also not be paid

borrowing, money, debt, loan
Press Trust of India New Delhi
2 min read Last Updated : Nov 20 2020 | 9:16 PM IST

The Department of Public Enterprises (DPE) on Thursday announced freezing of additional dearness allowance for executives and non-unionised supervisors of central public sector enterprises (CPSEs) drawing salaries under certain pay scales till June 30, 2021.

"In view of the crisis arising out of COVID-19, it has been decided that additional instalment of dearness allowance payable to employees of CPSEs drawing pay as per 2017, 2007, 1997, 1992 and 1987 IDA pay revision guidelines, due from October 1, 2020, shall not be paid," the DPE said.

Further, the additional instalments of the DA due from January 1, 2021, and April 1, 2021, will also not be paid.

However, dearness allowance at current rates (with effect from July 1, 2020) will continue to be paid, said the DPE's circular.

"As and when the decision to release the future instalments of dearness allowance due from July 1, 2020, is taken by the government, the rates of dearness allowance as effective from October 1, 2020, January 1, 2021, and April 1, 2021, will be restored prospectively," DPE said.

The will be subsumed in the cumulative revised rate effective from July 1, 2021, it added.

The DPE also said "no arrears" for the period from October 1, 2020, to June 30, 2021, will be paid.

It said the guidelines announced on Thursday are applicable in cases of executives and non-unionised supervisors of CPSEs drawing 2017, 2007, 1997, 1992 and 1987, IDA (industrial dearness allowance) pay scales.

DA rates in case of CPSE employees drawing CDA (central dearness allowance) pay scales have already been frozen.

In April, the finance ministry decided to put on hold increment in dearness allowance (DA) for about 50 lakh central government employees and 61 lakh pensioners till July 2021 due to the COVID-19 crisis.

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

Topics :CPSEsDearness Allowance

First Published: Nov 19 2020 | 10:23 PM IST

Next Story