March 17, 2017
Kalaivaraikalai
New Delhi: The
Union Cabinet chaired by Prime Minister Narendra Modi on Wednesday approved the
release of an additional installment of Dearness Allowance (DA) to Central
Government employees and Dearness Relief (DR) to pensioners w.e.f. 01.01.2017.
Increase is by 2 percent over the existing rate of 2 percent of the
basic pay/pension to compensate for price rise.
This 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. 5,857.28 crore per annum and
Rs.6,833.50 crore in the Financial Year 2017-18 (for a period of 14 months from
January, 2017 to February, 2018).
This will benefit about 48.85 lakh Central Government employees and
55.51 lakh pensioners.
Source: Deccan Chronicle
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