CPSE Jan 2024 DA: 432.4% DA Increase to CPSE 1997 Pay Scale Employees

DA @ 432.4% to CPSEs 1997 Pay Scale – Board level and below

The Department of Administration (DA) has issued a notification effective from January 1, 2024, stating that there will be a significant increase in the salary of employees working in Central Public Sector Enterprises (CPSEs) who fall under the 1997 Pay Scale. This increase amounts to a substantial 432.4%. The benefits of this notification will extend to both board-level and below board level posts, including non-unionized supervisors. This decision is aimed at recognizing the hard work and dedication of CPSE employees and ensuring their financial well-being.

DA from 01.01.2024 @ 432.4% to CPSEs 1997 Pay Scale – Board level and below Board level posts including Non-unionised supervisors

No.W-02/0004/2014-DPE(WC)-GL-IV/2024
Government of India
Ministry of Finance
Department of Public Enterprises

Public Enterprises Bhawan
Block 14, CGO Complex,
Lodhi Road, New Delhi-110003
Dated: the 11th January, 2024

OFFICE MEMORANDUM

Subject:- Board level and below Board level posts including Non-unionised supervisors in Central Public Sector Enterprises (CPSEs)-Revision of scales of pay w.e.f. 01.01.1997 — Payment of IDA at revised rates-regarding.

The undersigned is directed to refer to the new DA Scheme at Annexure-III of DPE’s OM dated 25.06.1999 wherein the rates of DA payable to the Board level and below Board level executives and non-unionized supervisors of CPSEs have been indicated. The rate of DA payable is 432.4% from 01.01.2024 to the executives and non-unionized supervisors of CPSEs.

2. The above rates of DA i.e. 432.4% would be applicable in the case of IDA employees who have been allowed revised pay scales (1997) as per DPE O.M. dated 25.06.1999.

3. All administrative Ministries/Departments of the Government of India are requested to bring the foregoing to the notice of the CPSEs under their administrative control for necessary action at their end.

4 This issues with the approval of the Competent Authority.

(Rajesh Puri)
Deputy Director

Click to view CPSE 432.4% DA Order PDF

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