Release of additional instalment of Dearness Allowance to Central Government employees and Dearness Relief to Pensioners due from 1.1.2016
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. 01.01.2016.
This represents an increase of 6 percent over the existing rate of 119 percent of the Basic Pay/Pension, to compensate for price rise. This will benefit about 50 lakh Government employees and 58 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 of Rs. 6796.50 crore per annum and Rs.7929.24 crore respectively, in the financial year 2016-17 (for a period of 14 months from January, 2016 to February, 2017).
Source: PIB News
Exp:55%
Sir, I have enrolled in Army (EME) wef 20 Sep 1983. I have completed 24 yrs service and retirement on 30 Sep 2007. I have promotion to the Rank of Hav wef 1989, But benefit of AEC Nb/Sub is not give to me.
ReplyDeleteThis is for u r info and necessary action pl.