Wednesday, August 29, 2018

DA DR hike from July, 2018 @ 2% : Cabinet Approval - PIB

Press Information Bureau
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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Cabinet approves additional 2% hike in DA; to benefit 1.1 crore employees, pensioners

HIGHLIGHTS

  • Cabinet has approved an additional 2 per cent hike in Dearness Allowance (DA) for central government employees
  • The hike is expected to benefit about 48.41 lakh central government employees and 62.03 lakh pensioners

NEW DELHI: The Union cabinet on Wednesday approved an additional 2 per cent hike in Dearness Allowance (DA

) and Dearness Relief (DR

) for central government employees. The hike will come into effect from July 1, 2018.


"The Union Cabinet, chaired by the Prime Minister Narendra Modi

has 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," an official government release stated.
The increase is in accordance with the accepted formula, which is based on the recommendations of the 7th Central 
Pay Commission
.

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