Release of additional instalment of Dearness Allowance to Central Government employees and Dearness Relief to Pensioners due from 1.1.2016
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).
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