Press Information Bureau
Government of India
Cabinet
Government of India
Cabinet
23-March-2016 16:29 IST
Release
of additional instalment of Dearness Allowance to Central Government employees
and Dearness Relief to Pensioners due from 1.1.2016.
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. 01.01.2016.
This represents an increase of 6 percent over the existing rate of 119 percent
of the Basic Pay/Pension, to compensate for price rise.
This
will benefit about 50 lakh Government employees and 58 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 of Rs. 6796.50 crore per annum and Rs.7929.24 crore respectively, in the financial year 2016-17 (for a period of 14 months from January, 2016 to February, 2017).
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 of Rs. 6796.50 crore per annum and Rs.7929.24 crore respectively, in the financial year 2016-17 (for a period of 14 months from January, 2016 to February, 2017).
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