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CABINET APPROVES
6% HIKE IN DA FOR CENTRAL GOVT EMPLOYEES.
Press Information Bureau 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). PIB
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