In a bonanza to over one crore central government employees and pensioners, the Cabinet on Tuesday hiked Dearness Allowance (DA) by 6 per cent to 113 per cent of their basic pay with effect from January. The decision benefiting 48 lakh government employees and 55 lakh pensioners would lead to an outgo of Rs 7,889.34 crore in the current fiscal.
The decision to hike the DA was taken at the meeting of the Union Cabinet headed by Prime Minister Narendra Modi, an official statement said. “Central Government employees as well as pensioners are entitled for DA/Dearness Relief (DR) at the rate of 113 per cent of the basic pay with effect from January 1, 2015,” it added.
The increase is in accordance with the accepted formula based on the recommendations of the 6th Central Pay Commission.
The decision to hike the DA was taken at the meeting of the Union Cabinet headed by Prime Minister Narendra Modi, an official statement said. “Central Government employees as well as pensioners are entitled for DA/Dearness Relief (DR) at the rate of 113 per cent of the basic pay with effect from January 1, 2015,” it added.
The increase is in accordance with the accepted formula based on the recommendations of the 6th Central Pay Commission.