Press Information
Bureau
Government of India
Cabinet
Government of India
Cabinet
27-October-2016 15:55
IST
Cabinet approves
release of an installment of Dearness Allowance to Central Government employees
and Dearness Relief to Pensioners due from 01.07.2016
The Union Cabinet
under the Chairmanship of Prime Minister Shri Narendra Modi has given its
approval to release an instalment of Dearness Allowance (DA) to Central
Government employees and Dearness Relief (DR) to Pensioners w.e.f. 01.07.2016
representing an increase of 2% of the revised Basic Pay/Pension, to compensate
for price rise. The 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 Dearness Allowance and Dearness Relief would
be Rs. 5622.10 crore per annum and in the Financial Year 2016-17 for the period
of 8 months (i.e. from July 2016 to February 2017), it would be Rs.3748.06
crore. About 50.68 lakh Government employees and 54.24 lakh pensioners will be
benefitted.
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