Follow by Email

Friday, July 25, 2014

Enhancement in the rate of Festival Advance as a result of increase in DA w.e.f. 01.01.2014

Enhancement in the rate of Festival Advance as a result of increase in DA w.e.f. 01.01.2014

GOVERNMENT OF INDIA
MINISTRY OF RAILWAYS
(RAILWAY BOARD)
RBE No.79/2014
No.2011/E (LL)/FA/1
New Delhi, dated:22.07.2014

Sub: Enhancement in the rate of Festival Advance as a result of increase in DA w.e.f. 01.01.2014

Please refer to Board’s letter of even number dated 18.07.2011, conveying enhancement in the rate of Festival Advance by 25% on increase of Dearness Allowance to 51%.


2. Railway Board vide letter No.PC.VI/2008/1/7/2/1 dated 28.03.2014 has enhanced the DA payable to railway employees from the existing rate of 90% to 100% w.e.f. 01.01.2014.

3. Consequent upon aforesaid enhancement of DA of 100% the matter regarding revision in the rate of Festival Advance has been considered by the Board and decided that the rate of festival advance shall increase by 25% w.e.f. 01.01.2014.

4. This issues with the concurrence of the Finance Directorate of the Ministry of Railways.

5. There is no change in the other terms and conditions for grant of festival advance.

Please acknowledge receipt.
Sd/-
(Madan Lal)
Director Estt. (LL)

No comments:

Post a Comment