Dearness Allowance for Central Government Employees: Expected to go upto 80%

Earlier in the year 2012 and 2011, there were good news about Dearness allowance increase for the central government employees under the sixth pay commission and we had covered the details in the following articles, 7% DA Dearness Allowance Increase for Central Government Employees and then Government approves 6% hike in DA: Dearness Allowance now at 51%: Sixth Pay Commission Recommendation
Dearness Allowance for Central Government Employees: Expected to go upto 80%
Details about Dearness Allowance for Central Government Employees, which is expected to increase by 8% from current 72% t 80%
Today can be a big day for Central Government Employees as there are expectations that the dearness allowance can be increased from 72% to 80%. This was a decision expected earlier on APril 2, 2013, but it was deferred because the Finance Minister was not available to conclude on the decision. Now the expectations are that today this good news can come through.

Dearness Allowance: Sixth Pay Commission Recommendation Details about DA hike


How many central government employees will benefit from this Dearness Allowance DA hike as per Six Pay commission recommendation?
More than 50 Lakh central government employees are expected to get the benfit of increased Dearness Allowance.
Along with them, around 30 lakh pensioners are also expected to benefit.

When will the new Dearness Allowance be effective?
That is another good news. The new Dearness Allowance DA value is expected to be effective from January 1 2013. So employees can expect more money in coming months as arrears payment.

How much money will this hike be?
It is estimated that this hike of 8% in Dearness Allowance will be given. Current DA stands at 72% and with 8% hike this is expected to shoot upto 80%.
As per the various details available on the internet, The Dearness Allowance revision usually happens two times in a year, January and July.

Last year, there was a DA hike which took the DA to 72% in September 2012. That came into effect from July 2012.

The DA is integrated with basic salary component once it goes above the 50 percent limit. It ensures that employees get higher allowances as those are paid in proportion to the basic pay.

With this DA hike, the Central Government employees who already have got a lot of benefits from the 6th pay commission recommendation have one more additional thing to feel happy about. This will be a relief for them considering the high value of inflation the common man in India is struggling with.
However, please note that above details are based only on the news items and yet to be confirmed. Quiet likely the confirmed news is expected today with exact details.

IIB Inflation-Indexed Bonds India (TIPS Bonds India) Details

As per the news details available, the Reserve bank of India (RBI) is expected to launch the Indian version of TIPS bonds (Commonly known as Treasury Inflation Protected Securities) and quite popular in countries like USA. In India, these bonds will be known as IIB or Inflation-Indexed Bonds and are expected to be launched within a month i.e. by May 2013.
Let's see some details of these IIB (or TIPS) bonds in India.

Return Calculations: LIC Jeevan Sugam Policy

Continuing further from our previous article LIC Jeevan Sugam Policy Review, here are the further details on Return Calculations.

Is the LIC Jeevan Sugam Policy worth investing?
Going by the example cited on LIC's official website, they quote a scenario of a 30 year old person

LIC Jeevan Sugam Policy Review

Details, Review and Analysis about LIC Jeevan Sugam Policy.
LIC or Life Insurance Corporation of India, the largest insurance company of India, has recently come out with its new launch called "LIC Jeevan Sugam Policy". In this article, we will see whether this LIC Jeevan Sugam Policy offers anything new and unique, whether investors should consider this policy for investment or insurance or both (or none), whether this policy has any better competitor products available in the market which can be looked upon.

IndiaBulls Income Fund NFO: Review Analysis & Details

Details about IndiaBulls Income Fund: Review, Analysis, Details & Investment Opinion.
A new debt or fixed income based mutual fund is now open in the Indian markets. The fund belongs to IndiaBulls Asset Management mutual fund house and is called the IndiaBulls Income Fund. As the name suggests, this fund will collect money from Indian investors and invest it in the Debt instruments and securitized debt instruments for a steady return. It's an open ended debt scheme which means that any no. of investors with any amount can invest in this fund.

In this article, we will analyze how good is this IndiaBulls Income Fund NFO,

India Budget Date 2013-14: Expected 28 February 2013

Like last year we had provided the information about the Indian Budget Dates 2012, this year again we provide the information as available at this moment about the Budget Dates. India Budget

In this article, we cover details about Indian Budget Date for the year 2013-2014 for the General Annual Union Budget. Also covered are the details for expected dates of Railway Budget for India for the year 2013-2014

General Union Budget 2013 Date India:

Since this year, there are no elections pending around the months of February and March, the budget is expected to come at the usual time.The date of General Union Budget of India for the year 2013-2014 is now expected to be as 28 February 2013
This information is based on the ticker coming up on few business news channels which show the budget date as "33 days to go" on 25 January 2013. By that calculation, the budget date comes as 28th February 2013.

Reliance My Gold Plan: Review, Analysis & Details

This article contains Details Analysis & Investment opinion about Reliance My Gold Plan
Reliance Money/ Reliance Capital, through its Relaince Money Precious Metals company, has come out with another gold based investment scheme. Reliance is a big name trusted by many specially in India and their investment arm is not leaving any possibility to capitalize on that brand name. Reliance already has a lot of gold based schemes, namely Reliance Gold Savings Plan and Reliance Gold ETF, and this is another ariant of the same gold based investment scheme which is now available to small investors.

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