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Friday, October 28, 2016

DA from July 2016 is 2%

                                                 Press Information Bureau
                                                     Government of India
                                                          Cabinet
                                                                                                                 27-October-2016
Cabinet approves release of an installment of Dearness Allowance to Central Government employees and Dearness Relief to Pensioners due from 01.07.2016
The Union Cabinet under the Chairmanship of Prime Minister Shri Narendra Modi has given its approval to release an installment of Dearness Allowance (DA) to Central Government employees and Dearness Relief (DR) to Pensioners w.e.f. 01.07.2016 representing an increase of 2% of the revised Basic Pay/Pension, to compensate for price rise. The increase is in accordance with the accepted formula, which is based on the recommendations of the 7th Central Pay Commission.
The combined impact on the exchequer on account of both Dearness Allowance and Dearness Relief would be Rs. 5622.10 crore per annum and in the Financial Year 2016-17 for the period of 8 months (i.e. from July 2016 to February 2017), it would be Rs.3748.06 crore. About 50.68 lakh Government employees and 54.24 lakh pensioners will be benefitted.

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