CABINET APPROVES 6% DA / DR HIKE TO CG EMPLOYEES & CG PENSIONERS
PRESS INFORMATION FUREAU OF MOF MADE THE PRESS RELEASE YESTERDAY
ORDERS OF THE MOF & MINISTRY OF PENSION & PENSIONERS WELFARE IS SHORTLY AWAITED
Press Information Bureau
Government of India
Ministry of Finance
07-April-2015 20:03 IST
Release of additional installment of Dearness Allowance to Central Government employees and Dearness Relief to Pensioners, due from 1.1.2015.
The Union Cabinet chaired by the Prime Minister, Shri Narendra Modi, today gave its approval to release an additional installment of Dearness Allowance (DA) to Central Government employees and Dearness Relief (DR) to pensioners with effect from 01.01.2015 at the rate of six percent increase over the existing rate of 107 percent.
Hence, Central Government employees as well as pensioners are entitled for DA/DR at the rate of 113 percent of the basic pay with effect from 01.01.2015. The increase is in accordance with the accepted formula based on the recommendations of the 6th Central Pay Commission.
The combined impact on the exchequer on account of both DA and DR would be of the order of Rs. 6762.24 crore per annum and Rs. 7889.34 crore in the Financial Year 2015-16 (i.e. for a period of 14 months from January 2015 to February 2016).
This will benefit 48 lakh government employees and 55 lakh pensioners.
Source : Press Information Bureau