The Ministry of Finance, Department of Public Enterprises in India has issued a corrigendum to provide clarification on the calculation of ex-gratia for employees of Central Public Sector Enterprises (CPSEs) who retired between October 1, 2020, and June 30, 2021, following the Industrial Dearness Allowance (IDA) pattern.
The corrigendum amends a previous Office Memorandum (OM) by correcting the dates mentioned in it. The corrected period for eligibility is now specified as October 1, 2020, to June 30, 2021. The corrigendum was issued by Naresh Kumar, an Under Secretary in the Ministry of Finance.
Calculation of ex-gratia for the employees of CPSEs following IDA pattern retired on or after 01.10.2020 and upto 30.6.2021
Government of India
Ministry of Finance
Department of Public Enterprises
Public Enterprises Bhawan,
Block 14, Lodi Road,
New Delhi 110003.
Subject: Clarification on calculation of ex-gratia for the employees of CPSEs following IDA pattern retired on or after 01.10.2020 and upto 30.6.2021 – reg.
Reference DPE’s O.M of even number dated 26.4.2023 on the subject mentioned above. It is stated that the period mentioned in the aforesaid O.M may be read as 01.10.2020 and 30.6.2021 instead of 01.01.2020 and 30.6.2021.
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