Updated By: LatestGKGS Desk
Union Cabinet approved installment of Dearness Allowance, Relief
Union Cabinet released installment of Dearness Allowance and Dearness Relief to Central Government employees and pensioners
Union Cabinet approved the release of instalment of Dearness Allowance to Central Government employees and Dearness Relief to Pensioners.
Based on the recommendations of 7th Pay Commission, 2% of the basic pay/ pension has been revised by the government to compensate for price rise
50.68 lakh employees will be benefited from this scheme where their basic pay will be paid 2% of their pay as Dearness Allowance.
The 54.24 lakh pensioners will also be benefitted from this scheme.
Both Dearness Allowance and Dearness Relief would impact exchequer account to Rs.5622.10 crore per annum.
During this financial year 2016-17, they would be paid Rs.3748.06 crore which will be applicable for 8 months i.e. from July 2016 to February 2017.
