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20% dearness allowance from July 1

Update : 07 Oct 2013, 07:58 AM

The finance ministry issued an order for 20% dearness allowance for government employees on Monday, a day after the announcement came from Prime Minister Sheikh Hasina.

The order for the dearness allowance – a cost of living adjustment – signed by additional secretary to the finance division, Imdadul Haque, will be applicable in retrospective effect from July 1 this year.

Officials and employees of government, semi-government, autonomous and state-owned banks, financial institutions and MPO-enlisted educational institutions will see their salary increased by a minimum Tk1,500 and a maximum Tk6,000 under this allowance.

The allowance will be effective until the next national pay scale.

Earlier on Sunday, just months away from a probable parliamentary elections, Prime Minister Sheikh Hasina announced of 20% dearness allowance.

The prime minister said there was no connection between the allowance and the pay commission which would be due soon.

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