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Wednesday, March 23, 2016

Release of additional instalment of DA to Central Government employees and DR to Pensioners due from 1.1.2016

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Release of additional instalment of DA to Central Government employees and DR to Pensioners due from 1.1.2016 


Release of additional instalment of Dearness Allowance to Central Government employees and Dearness Relief to Pensioners due from 1.1.2016 

The Union Cabinet, chaired by the Prime Minister Shri Narendra Modi, has approved release of an additional instalment of Dearness Allowance (DA) to Central Government employees and Dearness Relief (DR) to Pensioners w.e.f. 01.01.2016. This represents an increase of 6 percent over the existing rate of 119 percent of the Basic Pay/Pension, to compensate for price rise. 

This will benefit about 50 lakh Government employees and 58 lakh pensioners. 

The increase is in accordance with the accepted formula, which is based on the recommendations of the 6th Central Pay Commission (CPC). The combined impact on the exchequer on account of both Dearness Allowance and Dearness Relief would be of Rs. 6796.50 crore per annum and Rs.7929.24 crore respectively, in the financial year 2016-17 (for a period of 14 months from January, 2016 to February, 2017). 

Source: PIB News

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1 comments:

Anonymous said...

How come the DA from 1/1/16 is released ? It may not be correct on the part of the govt to do so in view of implementation of 7cpc wef 1/1/16. This installment stands recoverable out of the arrears payable from 1/1/16.Alternatively Govt may may implement 7cpc award from 1/7/16,the date of govt approval of recommendations.



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