D.A. hiked by 2% from 1st July 2018

The Union Cabinet, chaired by the Prime Minister Shri Narendra Modihas approved to release an additional instalment of Dearness Allowance (DA) to Central Government employees and Dearness Relief (DR) to pensioners w.e.f. 01.07.2018 representing an increase of 2% over the existing rate of 7% of the Basic Pay/Pension, to compensate for price rise.

The combined impact on the exchequer on account of both Dearness Allowance and Deamess Relief would be Rs.6112.20 crore per annum and Rs.4074.80 crore in the financial year 2018-19 (for a period of 08 months from July, 2018 to February, 2019).

This will benefit about 48.41 lakh Central Government employees and 62.03 lakh pensioners.

ITO to Adhoc ACIT : Promotion Order released

As many as 118 ITOs promoted to the grade of ACIT on adhoc basis. 
Click here for the order

This promotion has been granted as per vacancy year 2017-18. On promotion, the new ACITs will assume charge on situ basis under the present Pr CCIT (CCA) charge, till further placement.
Congratulation to the newly promoted ACITs.

ITO to ACIT promotion anytime soon

It is gathered that adhoc promotion to the grade of ACIT will be released soon. The DPC has been convened last week and after due formalities, the order is expected very soon.