Cabinet approves release of an additional instalment of Dearness Allowance and Dearness Relief due from 01.07.2023
Cabinet approves release of an additional instalment of Dearness Allowance and Dearness Relief due from 01.07.2023
48.67 lakh Central Government Employees and 67.95 lakh pensioners to benefit
Posted On: 18 OCT 2023 3:24PM by PIB Delhi
The Union Cabinet, chaired by the Prime Minister, Shri 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. 01.07.2023 representing an increase of 4% over the existing rate of 42% of the Basic Pay/Pension, to compensate against price rise. This increase is in accordance with the accepted formula, which is based on the recommendations of the 7th Central Pay Commission.
The combined impact on the exchequer on account of both Dearness Allowance and Dearness Relief would be Rs.12,857 crore per annum. This will benefit about 48.67 lakh Central Government employees and 67.95 lakh pensioners.
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Cabinet approves 4% increase in dearness allowance (DA) for central govt employees, Cabinet briefing is scheduled to be held at 3.00 PM
Find link to view briefing
https://twitter.com/PIB_India/status/1714561700303958307?t=XVu40uqR_3tsYauAlWoeEQ&s=1
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