The Union Cabinet today approved to release
additional installment of Dearness Allowance (DA) to Central Government
employees and Dearness Relief (DR) to pensioners with effect from
01.07.2012, representing an increase of 7 per cent over the existing
rate of 65 per cent 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 Rs.7408.24 crore per annum and Rs. 4938.78 crore in the financial year 2012-2013 i.e. for a period of 8 months from July, 2012 to February, 2013.
Source : PIB
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 Rs.7408.24 crore per annum and Rs. 4938.78 crore in the financial year 2012-2013 i.e. for a period of 8 months from July, 2012 to February, 2013.
Source : PIB
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