Dear Comrades,
Release of additional installment of Dearness Allowance and Dearness Relief
The
Union Cabinet today gave its approval to release an additional installment of Dearness Allowance (DA) to central government employees
and Dearness Relief (DR) to pensioners w.e.f. 1.1.2012 representing an
increase of 7% over the existing rate of 58% 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.7474.53 crore per annum and Rs.8720.32 crore in the financial year
2012-13 (i.e. for a period of 14 months from January, 2012 to February,
2013).
