Release of additional instalment of Dearness Allowance to Central Government employees and Dearness Relief to Pensioners due from 1.7.2015

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....elease of additional instalment of Dearness Allowance to Central Government employees and Dearness Relief to Pensioners due from 1.7.2015 <br>News and Press Release<br>Dated:- 9-9-2015<br><BR>The Unio....

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....n 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 Pen....

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....sioners w.e.f. 01.07.2015. This represents an increase of 6 percent over the existing rate of 113 percent of the Basic Pay/Pension, to compensate for price rise. This will benefit about 50 lakh Gove....

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....rnment employees and 56 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 o....

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....n the exchequer on account of both Dearness Allowance and Dearness Relief would be in the order of &#8377; 6655.14 crore per annum and &#8377; 4436.76 crore in the financial year 2015-16 (for a period....

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.... of 8 months from July, 2015 to February, 2016).<BR> News - Press release - PIB....