DA RAISED TO 107 % wef 01.07.2014
Release
of additional installment of Dearness Allowance to Central Government
employees and Dearness Relief to pensioners due from 01.07.2014
The
Union Cabinet chaired by the Prime Minister, Shri Narendra Modi, today
gave its approval for the release of an additional installment of
Dearness Allowance (DA) to Central Government employees and Dearness
Relief (DR) to pensioners with effect from 01.07.2014. This is an
increase of seven percent over the existing rate of 100 percent 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 approximately Rs. 7691 crore
per annum and Rs.5127 crore respectively in the financial year 2014-2015
(i.e. for a period of eight months from July, 2014 to February, 2015).
