DA RAISED TO 107 % wef 01.07.2014
Release of
additional installment of Dearness Allowance to Central Government employees and
Dearness Relief to pensioners due from 01.07.2014
The Union Cabinet chaired by the
Prime Minister, Shri Narendra Modi, today gave its approval for the release of
an additional installment of Dearness Allowance (DA) to Central Government
employees and Dearness Relief (DR) to pensioners with effect from 01.07.2014.
This is an increase of seven percent over the existing rate of 100 percent of
the 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 6th Central
Pay Commission. The combined impact on the exchequer on account of both Dearness
Allowance and Dearness Relief would be of the order of approximately Rs. 7691
crore per annum and Rs.5127 crore respectively in the financial year 2014-2015
(i.e. for a period of eight months from July, 2014 to February,
2015).
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