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2% Additional DA from July 2018 Cabinet Approved Today

August 29, 2018 admin 1 Comment

2% Additional DA from July 2018 Cabinet Approved Today

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

Also check : 5th, 6th and 7th CPC DA and DR Table

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.

हिंदी में पढ़ने के लिए क्लिक

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Related updates:

    Cabinet Committee Approves 4% DA to CG Employees and Pensioners with effect from 1st July 2023

Filed Under: DA Orders, DoE Orders

Comments

  1. venkateshwarA.P. says

    September 3, 2018 at 11:26 am

    it is requested the central government to issue orders as soon as possible,enhancing the retirement age to 62 years for all central and central autonomous organisations, institutes, undertaking, non-teaching employees.

    Reply

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