CABINET APPROVES TWO PERCENT DEARNESS ALLOWANCE
TO CENTRAL GOVERNMENT EMPLOYEES
Press Information
Bureau
Government of India
Cabinet
07-March-2018 19:21 IST
CABINET APPROVES TWO PERCENT
DEARNESS ALLOWANCE TO CENTRAL GOVERNMENT EMPLOYEES
The Union Cabinet chaired by Prime Minister Shri Narendra
Modi has given its approval to release an additional instalment of Dearness
Allowance (DA) to Central Government employees and Dearness Relief (DR) to
pensioners w.e.f. 01.01.2018 representing an increase of 2% over the existing
rate of 5% of the Basic Pay/Pension, to compensate for price rise.
This will benefit about 48.41 lakh Central Government
employees and 61.17 lakh pensioners.
The combined impact on the exchequer on account of both
Dearness Allowance and Dearness Relief would be Rs.6077.72 crore per annum and
Rs.7090.68 crore in the financial year 2018-19 (for a period of 14 months from
January, 2018 to February, 2019).
This increase is in accordance with the accepted formula,
which is based on the recommendations of the 7th Central Pay Commission.
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