CM agrees to release pending DA, love discharge


Prime Minister YS Jagan Mohan Reddy has agreed to release pending Dearness Allowance (DA) and Dearness Relief (DR) to government employees and pensioners and has directed the Treasury Department to issue sanctions orders.

A total of 4,49,000 workers and 3,57,000 retirees would benefit from the government’s decision.

The first outstanding DA/DR due July 2018 onwards will be paid along with January 2021 salaries/pensions payable on February 1, 2021.

The DA/DR will be revised effective July 1, 2018. The additional spending that will be incurred amounts to around £86.41 billion a month and £1,037 billion a year, according to an official publication.

The second outstanding DA/DR due January 2019 onwards would be paid with the July 2021 salaries/pensions payable on August 1, 2021. The associated additional expenses are ₹173 crore per month and ₹2,074 crore per year.

The third outstanding DA/DR due July 2019 onwards would be paid in January 2022 with the salaries/pensions payable on February 1, 2022. The additional spending incurred would amount to around £3.17 billion per month and £3,802 billion per year.

The arrears for the first DA/DR will be deposited into OPS staff GPF accounts in three installments beginning February 2021 and paid out in cash to CPS staff and retirees in three installments beginning February 2021. The additional expense incurred would be approximately ₹2,592 crore.

Arrears for the second DA/DR would be posted to OPS staff GPF accounts in three installments beginning August 2021 and payments would be made in cash in three installments to CPS staff and retirees beginning August 2022 that would be approximately ₹2,592 crore.

The arrears for the third DA/DR will be deposited into OPS staff GPF accounts in five installments beginning February 2022 and paid out in cash to CPS staff and retirees in five installments beginning February 2022. The additional expense incurred would be approximately ₹ 4,320 crore.

The total additional expenditure incurred by the Government for three DA/DR publications is approximately ₹3,802 crore per year, in addition to the arrears of 9,504 crore.

Previous Bali college students trade cash for coconuts to pay for tuition
Next Moto Guzzi Black Friday Sales with fantastic financing and cashback offers • Total Motorcycle