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Tuesday, April 7, 2015
6% DA Announced by Union Cabinet
The Union Cabinet chaired
by the Prime Minister, Shri Narendra Modi, today gave its approval to release
an additional instalment 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.