TO-DAY CABINET APPROVED 6% D.A. W.E.F. 01-07-2015
Release of additional instalment of Dearness Allowance to Central
Government employees and Dearness Relief to Pensioners due from 1.7.2015
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The Union Cabinet, chaired by the Prime
Minister Shri Narendra Modi, has approved release of an additional instalment
of Dearness Allowance (DA) to Central Government employees and Dearness
Relief (DR) to Pensioners w.e.f. 01.07.2015. This represents an increase of 6
percent over the existing rate of 113 percent of the Basic Pay/Pension, to
compensate for price rise.
This will benefit about 50 lakh Government
employees and 56 lakh pensioners.
The increase is in accordance with the accepted formula, which is based on the recommendations of the 6th Central Pay Commission (CPC). The combined impact on the exchequer on account of both Dearness Allowance and Dearness Relief would be in the order of Rs. 6655.14 crore per annum and Rs.4436.76 crore in the financial year 2015-16 (for a period of 8 months from July, 2015 to February, 2016). NW/AKT/SH 09.09.2015  |
