Transcription of Chapter 4.1 Dearness Allowance - Referencer
{{id}} {{{paragraph}}}
Example: quiz answers
Chapter 4.1 Dearness Allowance - Referencer
222 Dearness Allowance Introduction The payment of Dearness Allowance stems from the need to protect the erosion in the real value of basic salary on account of inflation. Consequently, the DA admissible is positively correlated to the level of inflation. Views of earlier Pay Commissions Successive Pay Commissions have made changes to the DA formula, suggesting their own methodology for determining the quantum and frequency. Fifth CPC recommendations The Fifth Central Pay Commission recommended uniform neutralization of DA at 100% to employees at all levels; conversion of DA into Dearness Pay each time the CPI increases by 50% over the base index with Dearness Pay counting for all
222 Dearness Allowance Introduction 4.1.1 The payment of dearness allowance stems from the need to protect the erosion in the real value of basic salary on account of inflation. Consequently, the DA admissible is positively correlated
Loading..
Tags:
Information
Domain:
Source:
Link to this page:
Please notify us if you found a problem with this document: