6% increase
in DA from January 2015 for Central Government Employees and Dearness Relief
for Central Government Pensioners with effect from 1st January 2015 approved by
Cabinet.
The Union Cabinet chaired by
the Prime Minister, Shri Narendra Modi, today gave its approval to release an
additional installment of Dearness Allowance (DA) to Central Government
employees and Dearness Relief (DR) 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/DR 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 combined impact on the exchequer on
account of both DA and DR would be of the order of Rs. 6762.24 crore per annum
and Rs. 7889.34 crore in the Financial Year 2015-16 (i.e. for a period of 14
months from January 2015 to February 2016).
This will benefit 48 lakh government
employees and 55 lakh pensioners.
Tags
DA