You are here: Home » Economy & Policy » News
Business Standard

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

Topics
CPSEs | Dearness Allowance

Press Trust of India  |  New Delhi 

Tamil Nadu has borrowed close to a massive Rs 40,000 crore in four-and-a-half months, compared to Rs 17,000 crore last year

The Department of Public Enterprises (DPE) on Thursday announced freezing of additional 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 payable to employees of 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, 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 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.

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Thu, November 19 2020. 22:23 IST
RECOMMENDED FOR YOU
.