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Diwali Bonanza! These government employees to get DA hike in this festive season

7th Pay Commission news: Despite financial constraints, the Amarinder Singh led Punjab government on Saturday announced a Diwali bonanza for its employees and pensioners.

IANS IANS
Chandigarh Published on: October 12, 2019 20:42 IST
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Punjab government has hiked the DA of all state govt employees and pensioners by 3 per cent. 

7th Pay Commission news: Despite financial constraints, the Amarinder Singh led Punjab government on Saturday announced a Diwali bonanza for its employees and pensioners.

The employees and pensioners will get a three per cent hike in dearness allowance (DA) with effect from November 1, Finance Minister Manpreet Singh Badal said here.

The Chief Minister, he said, had ordered the hike as a mark of appreciation for the hard work and dedication of the government employees.

"The decision will cost the exchequer an additional Rs 480 crore per annum," said the Finance Minister, adding that the implementation of the decision coincides with the Diwali celebrations for the employees and pensioners of the government.

How is DA calculated

Percentage of DA = {(Average of All-India Consumer Price Index for the past 12 months (Base year 2001=100) -115.76)/115.76}x 100.

The calculation of DA is in fact done according to the AICPI data. This is done in the following manner.

June 2019: AICPI-316

Total 12 months: 3673 (301 + 301 + 301 + 302 + 302 + 301 + 307 + 307 + 309 + 312 + 314 + 316) / 12) - (261.4) x100 / 261.4)
Increase in DA: 17% -12% = 5%

ALSO READ | DA of central govt employees hiked to 17 per cent as Modi cabinet brings 'Diwali cheer' to millions

ALSO READ | 7th Pay Commission: Government employees may face salary cut. Details inside

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