Thursday, March 24, 2016

6 % DA announced, wef 1-1-2016

Govt, yesterday, approved the payment of  6 % DA (wef 1-1-2016 ) to the Central employees and pensioners. That makes the total DA to 125 %.

But, interestingly, the Minister says its a "Holi Gift" !  Media celebrates this as if Govt has shown mercy to give a Gift on the occasion of Holi.

May be, the public is not aware that  this "Gift" is not any gift.  Every year , on 1st Jan and 1st July, such additional DA is being paid. That's in accordance with the accepted rules. Its not anybody's gift.

What' s a gift ?  Somebody giving you something, to express a feel of happiness and good relations. This is not based on any rule !

What's DA ?  DA is a  financial compensation paid  to the employees and pensioners to neutralise the impact of inflation. Infact, the two time DA increases given last year didnot really neutralise the inflationary loads.  Cost of living went up over 20%, when only 12 % DA was given.

So, is the DA now paid now a gift ??

Thankful to the media, they also say that the DA hike will provide some stimulus to the economy. So also the 7CPC and OROP implementations.

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