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Central Government Employees News - 7th Pay Commission News

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RETIREMENT 62 NEWS

Cabinet approves 3% of additional DA to CG employees and Pensioners

February 21, 2019 by admin Leave a Comment

Cabinet approves 3% of additional DA to CG employees and Pensioners

Cabinet approves release of an additional instalment of DA to CG employees and DR to Pensioners, due from 1.1.2019

Cabinet

Cabinet approves release of an additional instalment of DA to Central Government employees and DR to Pensioners, due from 1.1.2019

The Union Cabinet chaired by Prime Minister Narendra Modi has given its approval to the release of an additional instalment of Dearness Allowance (DA) to Central Government employees, and Dearness Relief (DR) to pensioners w.e.f. 1.1.2019 representing an increase of 3% over the existing rate of 9% of the Basic Pay/Pension, to compensate for price rise.

This increase is in accordance with the accepted formula, which is based on the recommendations of the 7th Central Pay Commission (CPC). The combined impact on the exchequer on account of both DA and DR would be Rs. 9168.12 crore per annum and Rs. 10696.14 crore in the FY 2019-20 (for a period of 14 months from January 2019 to February, 2020).This will benefit about 48.41 lakh Central Government employees and 62.03 lakh pensioners.
Source: PIB
Simple Calculation of DA

M/Y
AICPIN
DA %
Jul 2018
301
10.37
Aug 2018
301
10.88
Sep 2018
301
11.39
Oct 2018
302
11.87
Nov 2018
302
12.31
Dec 2018
301
12.78

Filed Under: Central Government Employees News Tagged With: CG Employees, Dearness Allowance

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