Finally yesterday afternoon only, the Union Cabinet gave its approval to release of an another additional Dearness Allowance with effect from 1.1.2015 to Central Government Employees and Pensioners.
According to the DA Calculation recommended by the 6th Pay Commission, Central released 6% of additional Dearness Allowance / Dearness Relief over the existing of 107% of the Basic Pay / Pension with effect from 1st Jan 2015 to CG Employees / Pensioners.
Now, Central Government employees as well as pensioners are entitled for DA/DR at the rate of 113 percent of the basic pay with effect from 01.01.2015. The arrears for three months from January to March 2015 will be paid after the formal orders issued by Finance Ministry.
The report of PIB is reproduced and given below for your information...
Cabinet Approved 6% DA to CG Employees and Pensioners from 1.1.2015
Release of additional installment of Dearness Allowance to Central Government employees and Dearness Relief to Pensioners, due from 1.1.2015
The Union Cabinet chaired by the Prime Minister, Shri Narendra Modi, today gave its approval to release an additional installment of Dearness Allowance (DA) to Central Government employees and Dearness Relief (DR) to pensioners with effect from 01.01.2015 at the rate of six percent increase over the existing rate of 107 percent.
Hence, Central Government employees as well as pensioners are entitled for DA/DR at the rate of 113 percent of the basic pay with effect from 01.01.2015. The increase is in accordance with the accepted formula based on the recommendations of the 6th Central Pay Commission.
The combined impact on the exchequer on account of both DA and DR would be of the order of Rs. 6762.24 crore per annum and Rs. 7889.34 crore in the Financial Year 2015-16 ( i.e. for a period of 14 months from January 2015 to February 2016).
This will benefit 48 lakh government employees and 55 lakh pensioners.
Source: PIB News
