Press Information Bureau
Government of India
29-August-2018 13:05 IST
Cabinet approves additional ii pct Dearness Allowance (DA) for Central Government employees as well as Dearness Relief (DR) to pensioners w.e.f. 1st July, 2018
The Union Cabinet, chaired yesteryear the Prime Minister Shri Narendra Modihas approved to free an additional instalment of Dearness Allowance (DA) to Central Government employees as well as Dearness Relief (DR) to pensioners w.e.f. 01.07.2018 representing an increase of 2% over the existing charge per unit of measurement of 7% of the Basic Pay/Pension, to compensate for cost rise.
The combined touching on the exchequer on describe of piece of job organisation human relationship of both Dearness Allowance as well as Deamess Relief would hold upwardly Rs.6112.20 crore per annum as well as Rs.4074.80 crore inward the fiscal twelvemonth 2018-19 (for a current of 08 months from July, 2018 to February, 2019).
This volition produce goodness close 48.41 lakh Central Government employees as well as 62.03 lakh pensioners.
This increase is inward accordance amongst the accepted formula, which is based on the recommendations of the seventh Central Pay Commission.
AKT/SNC
Tag :
Allowances
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