PM Modi led govt has continuously making to effort to rorm the administration to make our India better. Contribution of all level of citizens including govt machinary are active do reah the goal and has proved with marking the success milestones in various occassion.
As a reward to the Govt employees and Pensioners, Govt of India, Ministy of Finance has released to PIB Releases related to the financial effect on the salry and pension to the Govt employees and pensioners.
PIB Release on Dearness Allowance and Dearness Relief for Central Govt Employees and Pensioners
PIB Release regarding approval of Cabinet towards increase in DA and DR wef 01 July 2023 from 42 % to 46% untill further order has been anounced on 18 Oct 2023. The details is here
Cabinet approves release of an additional instalment of Dearness Allowance and Dearness Relief due from 01.07.2023
48.67 lakh Central Government Employees and 67.95 lakh pensioners to benefit
Posted On: 18 OCT 2023 3:25PM by PIB Delhi
The Union Cabinet, chaired by the Prime Minister, Shri Narendra Modi has approved to release an additional instalment of Dearness Allowance (DA) to Central Government employees and Dearness Relief (DR) to pensioners w.e.f. 01.07.2023 representing an increase of 4% over the existing rate of 42% of the Basic Pay/Pension, to compensate against price rise. This increase is in accordance with the accepted formula, which is based on the recommendations of the 7th Central Pay Commission.
The combined impact on the exchequer on account of both Dearness Allowance and Dearness Relief would be Rs.12,857 crore per annum. This will benefit about 48.67 lakh Central Government employees and 67.95 lakh pensioners.
PL Bonous for Central Govt Employees of arious Department and Ministries
The Payment of Bonus Act, 1965, is applicable to employees in both the public and private sectors in India, including central government employees. Under this act, employees are eligible for a bonus based on their salary or wages, provided they meet certain criteria.
As of my last knowledge update in September 2021, central government employees may receive a bonus based on the provisions of the Payment of Bonus Act. The specific details, eligibility criteria, and the amount of bonus can vary from year to year and are typically determined through negotiations between the government and employee associations or unions.
To obtain the most up-to-date information on the bonus for central government employees, you should refer to the official notifications and circulars issued by the Ministry of Labour and Employment, or contact your respective government department or employer. Please keep in mind that the bonus provisions and rates may have changed since my last update, so it’s crucial to refer to the most current information.
Cabinet approves Productivity Linked Bonus (PLB) of Rs 1968.87 Crores for railway employees
Posted On: 18 OCT 2023 3:24PM by PIB Delhi
The Union Cabinet chaired by Prime Minister Shri Narendra Modi has approved Productivity Linked Bonus (PLB) equivalent to 78 days’ wages for the financial year 2022-23 to all eligible non-gazetted Railway employees namely Track maintainer, Loco Pilots, Train Managers (Guards), Station Masters, Supervisors, Technicians, Technician Helpers, Pointsman, Ministerial Staff and other Group ‘C’ staff (excluding RPF/RPSF personnel).
In recognition of this excellent performance by the Railway staff, Union Government has approved payment of PLB of Rs 1968.87 crore to 11,07,346 railway employees. The performance of Railways in the year 2022-2023 was very good. Railways loaded a record cargo of 1509 Million Tonnes and carried nearly 6.5 Billion Passengers.
Many factors contributed to this record performance. These include improvement in infrastructure due to infusion of record Capex by the Government in Railways, efficiency in operations and better technology etc.
Payment of PLB will act as an incentive to motivate the Railway employees for working towards further improvement in performance.