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The Union Cabinet today gave its approval to the following proposals:
(i) Merger of DA equal to 50% of the existing basic pay in respect of employees following central Dearness Allowance (CDA) pattern of Central Public Sector Enterprises (CPSEs) with effect from April 1, 2004 and shown distinctly as Dearness Pay (DP), which could be counted for purposes like payment of allowances, transfer grant, retirement benefits, contribution to GPF/CPF, Licence Fee, various advances, etc;
(ii) Allowing the above benefit of merger of DA to those CPSEs that are not loss making and are in a position to absorb the additional expenditure on account of the said merger of DA without any budgetary support from the Government;
(iii) Extension of merger of DA equal to 50 per cent of the existing basic pay to the CDA pattern employees of Food Corporation of India;
(iv) Determination of the entitlements for LTC, TA/DA while on tour and transfer and accommodation on the basic pay alone without taking into account Dearness Pay; and
(v) Deducting the DA converted into DA from the existing rate of DA while computing quantum of Dearness Allowance.
RK:DS:HS:LV
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