PSU-Payment of DA to Central Public Sector Enterprises on 1987 and 1992 basis

F.No. 2(50)/86-DPE(WC)-GL-XV/12
Government of India
Ministry of Heavy Industries & Public Enterprises
Department of Public Enterprises

Public Enterprises Bhawan
Block 14, CGO Complex,
Lodi Road, New Delhi-110003
Dated : 5th October, 2012

OFFICE MEMORANDUM

Subject:- Payment of DA to Board level/below Board level executives and non-unionized supervisors following IDA scales of pay in Central Public Sector Enterprises (CPSEs) on 1987 and 1992 basis.

The undersigned is directed to refer to para No.3 of this Departments O.M. No. 2(50)/86-DPE (WC) dated 19.07 1995 wherein the rates of DA payable to the executives holding Board level post have been indicated. In accordance with the DA scheme spelt out in Annexure-II of the said OM, the installments of DA become payable from 1st January, 1st April, 1st July, 1st October, every year based on the price increase above quarterly Index average of 1099 (1960=100).

2. In continuation of this Department’s O.M. of even No. dated 09.07.2012, the rates of DA payable lo the executives of CPSEs holding Board level post, below Board level post and non-unionised supervisors following IDA pattern of 1992 pay scales may be modified as follows:

3. The payment on account of dearness allowance involving fractions of 50 paise and above may he rounded off to the next higher rupee and the fractions of less than 50 paise may be ignored.

4. The quantum of IDA payable from 01.10.2012 at the old system of neutralization @ Rs.2.00 per point shift for increase of 168 points may be Rs.336/- and at AICPI 4825 DA payable may be Rs.8239.75 to the executives holding Board level post, below Board level post and non-unionised supervisors following IDA pattern in the CPSEs of 1987 pay scales.

5. All adrninistrative Ministries/Departments of Government of India are requested to bring the foregoing to the notice of the CPSEs under their administrative control for action at their end.

sd/-
(P.J. Michael)
Under Secretary

Source: www.dpe.nic.in
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