Release of additional installment of Dearness Allowance to Central Government employees and Dearness Relief to pensioners due from 01.07.2014

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....elease of additional installment of Dearness Allowance to Central Government employees and Dearness Relief to pensioners due from 01.07.2014 <br>News and Press Release<br>Dated:- 5-9-2014<br><BR>The U....

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....nion Cabinet chaired by the Prime Minister, Shri Narendra Modi, gave its approval for the release of an additional installment of Dearness Allowance (DA) to Central Government employees and Dearness R....

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....elief (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 i....

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....s 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 Dearn....

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....ess Relief would be of the order of approximately &#x20B9; 7691 crore per annum and &#x20B9; 5127 crore respectively in the financial year 2014-2015 (i.e. for a period of eight months from July, 2014 ....

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....to February, 2015).<BR> News - Press release - PIB....