Rates of Dearness Allowance
Prior to 1972, there was no element of D.A. on pensions. From 01.04.1972 there was a flat rate of D.A. to all the pensioners:
- 01.04.1972 - Rs.5
- 01.04.1973 - Rs.10
- 01.10.1973 - Rs.15
- 01.04.1974 - Rs.20
- 01.02.1975 - Rs.28
- 01.02.1976 - Rs.32
- 01.04.1977 - 10%, subject to maximum of Rs.15
- 15.09.1977 - Rs.10 for those retired prior to 01.06.1961, Rs.5 after 01.06.1961
- 01.04.1978 - 5% increase, minimum Rs.10, maximum Rs.25
From 01.04.1979 to 30.09.1984 there were 28 installments of D.A. paid to the pensioners at certain fixed rates for 13 slabs of pension amounts. From 01.10.1984 to date, the pensioners are paid D.A. at certain percentage of basic pension.
Dearness Allowance is calculated on the original pension without commutation.
Dearness Allowance is granted at certain percentage of basic pension and it is revised every 6 months from 01.07.1986 onwards based on cost of living index.
Read more about this topic: Dearness Allowance
Famous quotes containing the words rates of, rates, dearness and/or allowance:
“[The] elderly and timid single gentleman in Paris ... never drove down the Champs Elysees without expecting an accident, and commonly witnessing one; or found himself in the neighborhood of an official without calculating the chances of a bomb. So long as the rates of progress held good, these bombs would double in force and number every ten years.”
—Henry Brooks Adams (1838–1918)
“One of the most important findings to come out of our research is that being where you want to be is good for you. We found a very strong correlation between preferring the role you are in and well-being. The homemaker who is at home because she likes that “job,” because it meets her own desires and needs, tends to feel good about her life. The woman at work who wants to be there also rates high in well-being.”
—Grace Baruch (20th century)
“What we obtain too cheap we esteem too lightly; it is dearness only that gives everything its value.”
—Thomas Paine (1737–1809)
“The chess-board is the world; the pieces are the phenomena of the universe; the rules of the game are what we call the laws of Nature. The player on the other side is hidden from us. We know that his play is always fair, just, and patient. But also we know, to our cost, that he never overlooks a mistake, or makes the smallest allowance for ignorance.”
—Thomas Henry Huxley (1825–1895)