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Cabinet Approved 2% Additional DA & DR for CG Employees and Pensioners from July 2018

August 29, 2018 by wpadmin Leave a Comment

Cabinet Approved 2% Additional DA & DR for CG Employees and Pensioners from July 2018

Today Union Cabinet approved to hike 2% Additional DA & DR for CG Employees and Pensioners with effect from July 2018

Cabinet approves additional 2 percent Dearness Allowance (DA) for Central Government employees and Dearness Relief (DR) to pensioners w.e.f. 1st July, 2018

The Union Cabinet, chaired by the Prime Minister Shri Narendra Modihas approved to release an additional instalment of Dearness Allowance (DA) to Central Government employees and Dearness Relief (DR) to pensioners w.e.f. 01.07.2018 representing an increase of 2% over the existing rate of 7% of the Basic Pay/Pension, to compensate for price rise.

The combined impact on the exchequer on account of both Dearness Allowance and Deamess Relief would be Rs.6112.20 crore per annum and Rs.4074.80 crore in the financial year 2018-19 (for a period of 08 months from July, 2018 to February, 2019).

This will benefit about 48.41 lakh Central Government employees and 62.03 lakh pensioners.

This increase is in accordance with the accepted formula, which is based on the recommendations of the 7th Central Pay Commission.

Source: PIB

Related posts:

  1. Haryana Govt Employees on revised scales (7th Pay Commission) Dearness Allowance 5% to 7% with effect from 01.01.2018
  2. Dearness Relief payable for the period August 2018 to January 2019 to surviving pre 1.1.1986 retirees of banks
  3. Dearness Relief payable to Pensioners for the period August 2018 to January 2019
  4. Dearness Allowance for Workmen and Officer Employees in banks for the months of August, September & October 2018

Filed Under: DA Orders Tagged With: 2% Additional DA, Cabinet Approval, DA from July 2018, DEARNESS ALLOWANCE, Dearness Relief

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