Updated By: LatestGKGS Desk
Cabinet approved additional 2% DA for Central Government Employees DR to Pensioners
Union Cabinet approved additional Two percent Dearness Allowance (DA) for Central Government employees and Dearness Relief (DR) to pensioners: Details, Highlights
Union Cabinet chaired by PM Narendra Modi has approved to release an additional installment of Dearness Allowance (DA) to Central Government employees and Dearness Relief (DR) to pensioners.
The approval made will effect from 1st July 2018, representing an increase of 2 percent over the existing rate of 7 per cent of the basic pay/pension, to compensate for price rise.
The combined impact on the exchequer on account of both DA and DR would be Rs 6112.20 crore per annum and Rs 4074.80 crore in the financial year 2018-19 (for a period of 08 months from July 2018 to February 2019).
This will benefit about 48.41 lakh Central Government employees and 62.03 lakh, pensioners. This increase is in accordance with the accepted formula, which is based on the recommendations of the 7th Central Pay Commission.
