DA DR from July, 2015 @ 119%: 6% hike approved by Cabinet

As expected in previous post the Cabinet on Wednesday raised dearness allowance (DA) to 119 per cent from 113 per cent, which will benefit over one crore government employees and pensioners.

Union Cabinet likely to approve 6% DA hike today आज महंगाई भत्ता 6% बढ़ा सकती है केंद्र सरकार

Press Information Bureau 

Government of India

Ministry of Finance

09-September-2015 14:28 IST

Release of additional instalment of Dearness Allowance to Central Government employees and Dearness Relief to Pensioners due from 1.7.2015 

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). 

PIB

Read more: http://www.staffnews.in/2015/09/da-dr-from-july-2015-119-6-hike.html#ixzz3lFFDSnwT
Under Creative Commons License: Attribution Share Alike
Follow us: @karnmk on Twitter | cgenews on Facebook