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Dearness Allowance is calculated as a percentage of an Indian citizen's basic salary to mitigate the impact of inflation on people. Indian citizens may receive a basic salary or pension that is then supplemented by a housing or a dearness allowance, or both. The guidelines that govern the Dearness Allowance vary according to where one lives.
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 ...
They have recommended a new "hardship matrix" to decide allowances for the armed forces. They have recommended 65 percent of salary as Saichen allowance.Finance and defence minister Arun Jaitley, briefing media after a meeting of the Cabinet, said the hardship allowance for officers would be increased to Rs 42,500 per month. [50]
Unlike an additional allowance, the Rank Pay was deducted from the officer's pay grade. This adjustment disrupted the established pay parity between military and police services. Police officers and officers from other All India Services with 14 years of service, who were previously in the same pay grade as Majors, were reclassified to ...
Special Duty Allowance (SDA) is an allowance paid to officers of All India Services (AIS), including police officers, when posted in any of the seven states in Northeast India, and Ladakh, including in state capitals , and cities and towns like Guwahati, Aizawl, Shillong, Kohima,Leh and Kargil.
Position in the Indian order of precedence Post Net Salary per month (including other emoluments and allowances) All emoluments and allowances References 1 President ₹ 500,000 (US$5,800) + Other allowances fixed to the President. [1] [2] [3] 2 Vice President ₹ 400,000 (US$4,600) + Other allowances fixed to the Vice President. [4] [5] [3] 3 ...
On several states reverting back to OPS, the Finance Minister Nirmala Sitharaman expressed "We should look at a reasonable balance and what we are leaving for generations to come. Yes, you need to borrow for the economy to run, but unless we have a complete understanding of the fiscal health of the state, for not just today but future decades ...
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.