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Cabinet approves additional 2 percent Dearness Allowance (DA) for Central Government employees and Dearness Relief (DR) to pensioners w.e.f. 1st July, 2018
Written By Admin on Aug 29, 2018 | August 29, 2018
Press Information Bureau
Government of India
Cabinet
29-August-2018 13:05 IST
Government of India
Cabinet
29-August-2018 13:05 IST
Cabinet approves additional 2 percent Dearness Allowance
(DA) for Central Government employees and Dearness Relief (DR) to
pensioners w.e.f. 1st July, 2018
The Union Cabinet, chaired by the Prime Minister Shri
Narendra Modihas approved to release an additional instalment of
Dearness Allowance (DA) to Central Government employees and Dearness
Relief (DR) to pensioners w.e.f. 01.07.2018 representing an increase of
2% over the existing rate of 7% of the Basic Pay/Pension, to compensate
for price rise.
The combined impact on the exchequer on account of both
Dearness Allowance and Deamess Relief would be Rs.6112.20 crore per
annum and Rs.4074.80 crore in the financial year 2018-19 (for a period
of 08 months from July, 2018 to February, 2019).
This will benefit about 48.41 lakh Central Government employees and 62.03 lakh pensioners.
This increase is in accordance with the accepted formula,
which is based on the recommendations of the 7th Central Pay Commission.
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