Release of additional
installment of Dearness Allowance to Central Government employees and Dearness
Relief to pensioners due from 01.07.2014
The Union Cabinet
chaired by the Prime Minister, Shri Narendra Modi, today gave its approval for
the release of an additional installment of Dearness Allowance (DA) to Central
Government employees and Dearness Relief (DR) to pensioners with effect from 01.07.2014.
This is an increase of seven percent over the existing rate of 100 percent of
the 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 6th Central Pay Commission. The combined impact on the
exchequer on account of both Dearness Allowance and Dearness Relief would be of
the order of approximately Rs. 7691 crore per annum and Rs.5127 crore
respectively in the financial year 2014-2015 (i.e. for a period of eight months
from July, 2014 to February, 2015).
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