Tuesday, April 7, 2015

Cabinet approved 6% D.A for central employees and pensioners from 01.01.2015

The Union Cabinet chaired by the Prime Minister, Shri Narendra Modi, today gave its approval for the release of an additional installment of Dearness Allowance (DA) to Central Government employees and Dearness Relief (DR) to pensioners with effect from 01.01.2015. This is an increase of six percent over the existing rate of 107 percent of the Basic Pay/Pension, to compensate for price rise.
Hence, Central Government employees as well as pensioners are entitled for DA/DR at the rate of 113 percent of the basic pay with effect from 01.01.2015. The increase is in accordance with the accepted formula based on the recommendations of the 6th Central Pay Commission. 
The combined impact on the exchequer on account of both DA and DR would be of the order of Rs. 6762.24 crore per annum and Rs. 7889.34 crore in the Financial Year 2015-16 ( i.e. for a period of 14 months from January 2015 to February 2016). 
This will benefit 48 lakh government employees and 55 lakh pensioners. 

Click here for PIB Press Release.

3 comments :

S.Lakshman Rao said...

Relief of 6% increase of DA/Dearness Allowance releasal through Cabinet is a happy communication to all the salaried class/Pensioners...Regards...

Anonymous said...

Thank god he did not mention - in larger public interest and through proper office note!!!

Anonymous said...

At last the much awaited relief has been announced with a little bit of delay.

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