• Breaking News

    Wednesday, 29 August 2018

    ADDITIONAL 2 % DA HIKE FROM JULY, 2018- CABINET APPROVES

    Additional 2 % DA hike from July, 2018- Cabinet Approves

    Cabinet Approves Additional 2% Dearness Allowance (DA) for Central Govt Employees and Dearness Relief (DR) to Pensioners w.e.f.01st July, 2018 over the existing rate of 7% of the Basic Pay/Pension

    Press Information Bureau
    Government of India
    Cabinet

    Cabinet approves additional 2 percent Dearness Allowance (DA) for Central Government employees and Dearness Relief (DR) to pensioners w.e.f. 1st July, 2018

    Posted On: 29 AUG 2018 1:05PM by PIB Delhi

    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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    Source:- PIB

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