ADVERTISEMENT

Cabinet okays 1% additional DA for Central Govt. employees, DR for pensioners

ADVERTISEMENT
The Union Cabinet today approved the release of an additional 1% Dearness Allowance (DA) to Central Government employees and Dearness Relief (DR) to pensioners with effect from July 1, 2017.
 
The release of the additional instalment of DA represents an increase of 1% over the existing rate of 4% of the Basic Pay/Pension, to compensate for price rise, an official press release said. 
 
The increase is in accordance with the accepted formula, which is based on the recommendations of the 7th Central Pay Commission, it said.
 
The combined impact on the exchequer on account of both DA and DR would be Rs. 3068.26 crore per annum and Rs. 2045.50 crore in the financial year 2017-18 (for a period of eight months from July, 2017 to February, 2018). 
 
This will benefit about 49.26 lakh Central Government employees and 61.17 lakh pensioners, the release added.
 
NNN
 
ADVERTISEMENT
 

Comments

Post new comment

The content of this field is kept private and will not be shown publicly.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Allowed HTML tags: <a> <em> <strong> <cite> <code> <ul> <ol> <li> <dl> <dt> <dd> <canvas>
  • Lines and paragraphs break automatically.

More information about formatting options

© Copyright 2012 NetIndian. All rights reserved. Republication or redistribution of NetIndian content, including by framing or similar means, is expressly prohibited without the prior written consent of NetIndian Media Corporation. Write to info[AT]netindian[DOT]in for permission to use content. Read detailed Terms of Use.