As expected in previous post the Cabinet on Wednesday raised dearness allowance (DA) to 119 per cent from 113 per cent, which will benefit over one crore government employees and pensioners.
Union Cabinet likely to approve 6% DA hike today आज महंगाई भत्ता 6% बढ़ा सकती है केंद्र सरकार
Press Information Bureau
Government of India
Ministry of Finance
09-September-2015 14:28 IST
Release of additional instalment of Dearness Allowance to Central Government employees and Dearness Relief to Pensioners due from 1.7.2015
The Union Cabinet, chaired by the Prime Minister Shri Narendra Modi, has approved release of an additional instalment of Dearness Allowance (DA) to Central Government employees and Dearness Relief (DR) to Pensioners w.e.f. 01.07.2015. This represents an increase of 6 percent over the existing rate of 113 percent of the Basic Pay/Pension, to compensate for price rise.
This will benefit about 50 lakh Government employees and 56 lakh pensioners.
The increase is in accordance with the accepted formula, which is based on the recommendations of the 6th Central Pay Commission (CPC). The combined impact on the exchequer on account of both Dearness Allowance and Dearness Relief would be in the order of Rs. 6655.14 crore per annum and Rs.4436.76 crore in the financial year 2015-16 (for a period of 8 months from July, 2015 to February, 2016).
PIB
Stay connected with us via Facebook, Google+ or Email Subscription.
Subscribe to Central Government Employee News & Tools by Email [Click Here]
Follow us: Twitter [click here] | Facebook [click here] | Google+ [click here]
Admin
COMMENTS
The orders for release of revised DA for the serving employees and DR for the Pensioners are being issued separateley by different wings causing hardship to the pensioners. While the DA orders are being issued immediately after the cabinet approval and drawn and disbursed by the concerned DDo`s for the serving employees, the issue of DR order for the Pensioners is taking place as much as 1 month from the Dt. of issue of the DA order. As if this not sufficient the Pension disbursing authorities are taking another 15 days to impliment the order and credit the arrears to the Bank A/cs( especialy the SBI) of the Pensioners. This is happening every time the Govt issues te revised DA order. It is time the Govt must do away with this old procedure at the earliest.