Release of additional installment of Dearness Allowance to Central Government employees and Dearness Relief to Pensioners, due from 1.1.2015

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....elease of additional installment of Dearness Allowance to Central Government employees and Dearness Relief to Pensioners, due from 1.1.2015 <br>News and Press Release<br>Dated:- 8-4-2015<br><BR>The Un....

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

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....) 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/D....

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....R 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....

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.... combined impact on the exchequer on account of both DA and DR would be of the order of &#8377; 6762.24 crore per annum and &#8377; 7889.34 crore in the Financial Year 2015-16 ( i.e. for a period of 1....

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....4 months from January 2015 to February 2016). This will benefit 48 lakh government employees and 55 lakh pensioners.<BR> News - Press release - PIB....