Cabinet
approves release of additional 1% Dearness Allowance to Central Government employees
and Dearness Relief to pensioners w.e.f. 01.07.2017
The Union Cabinet chaired by the Prime Minister
Shri Narendra Modi has given its approval for release of additional 1% Dearness
Allowance (DA) to Central Government employees and Dearness Relief (DR) to
pensioners. It will be applicable from 01.07.2017.
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. 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 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 8 months from July, 2017 to
February, 2018). This will benefit about 49.26 lakh Central Government
employees and 61.17 lakh pensioners.
Press release can be access
at : http://pib.nic.in/newsite/erelease.aspx
dated 12th September, 2017.
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