Cabinet
approves release of an instalment of Dearness Allowance to Central
Government employees and Dearness Relief to Pensioners due from
01.07.2016
The
Union Cabinet under the Chairmanship of Prime Minister Shri Narendra
Modi has given its approval to release an instalment of Dearness
Allowance (DA) to Central Government employees and Dearness Relief (DR)
to Pensioners w.e.f. 01.07.2016 representing an increase of 2% of the
revised Basic Pay/Pension, to compensate for price rise. The increase is
in accordance with the accepted formula, which is based on the
recommendations of the 7th Central Pay Commission.The combined impact on the exchequer on account of both Dearness Allowance and Dearness Relief would be Rs. 5622.10 crore per annum and in the Financial Year 2016-17 for the period of 8 months (i.e. from July 2016 to February 2017), it would be Rs.3748.06 crore. About 50.68 lakh Government employees and 54.24 lakh pensioners will be benefitted.
(Release ID :153041)
Source:http://pib.nic.in
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