Release of additional instalment of Dearness Allowance to Central Government employees and Dearness Relief to Pensioners due from 1.1.2016

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....elease of additional instalment of Dearness Allowance to Central Government employees and Dearness Relief to Pensioners due from 1.1.2016 <br>News and Press Release<br>Dated:- 25-3-2016<br><BR>The Uni....

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....on 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 Pe....

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....nsioners w.e.f. 01.01.2016. This represents an increase of 6 percent over the existing rate of 119 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 58 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 on....

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.... the exchequer on account of both Dearness Allowance and Dearness Relief would be of &#8377; 6796.50 crore per annum and &#8377; 7929.24 crore respectively, in the financial year 2016-17 (for a period....

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.... of 14 months from January, 2016 to February, 2017).<BR> News - Press release - PIB....