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Dearness Allowance (DA) is a cost-of-living adjustment, an increase made to the basic pay of government officials and public sector workers’ employees. Public sector unit employees are also government employees, but not civil servants. Some private sector employees and civil servant, are pensioners in India.
Employees can borrow up to 34 months of their basic pay, with a cap of ₹25 lakh, the cost of the house or flat, or an amount based on their repayment capacity—whichever is the lowest. If both spouses are central government employees, they can apply for the Housing Building Advance (HBA) either jointly or separately.
The report led to a six percent increase in the cost of living allowance for central government employees from 16 percent to 22 percent. [ 3 ] The Sixth Central Pay Commission estimated that the financial implication of its recommendations would be "Rs.7975 crore for the year 2008 – 2009, and an additional, one time burden of Rs.18060 crore ...
Repealed from 1 January 2004, it had a defined-benefit (DB) pension of half the Last Pay Drawn (LPD) at the time of retirement along with components like Dearness Allowances (DA) etc. OPS was an unfunded pension scheme financed on a pay-as-you-go (PAYG) basis in which current revenues of the government funded the pension benefit for its retired ...
Director of Central Bureau of Investigation; Director of the Intelligence Bureau; Director General of Central Reserve Police Force ₹225,000 (US$2,700) [25] [26] Additional Secretaries to the Union Government; Registrar General/Registrar of the Supreme Court ₹ 182,200 (US$2,100) (Minimum Pay) to ₹ 224,100 (US$2,600) (Maximum Pay) [20] [21 ...
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The Government of Madhya Pradesh (abbreviated as MP) or Madhya Pradesh Government, is the supreme governing authority of the Indian state of Madhya Pradesh and its 55 districts. It consists of an executive , led by the governor of Madhya Pradesh , a judiciary and a legislative branch.
The Ministry of Finance (IAST: Vitta Maṃtrālaya) is a ministry within the Government of India concerned with the economy of India, serving as the Treasury of India.In particular, it concerns itself with taxation, financial legislation, financial institutions, capital markets, currency regulation, banking service, centre and state finances, and the Union Budget.