Central Government (Cabinet) approves release of an additional instalment of Dearness Allowance (DA) to Central Government (CG) employees and Dearness Relief (DR) to Pensioners, due from 01.01.2023. Central Government gifted good news of DA hike to Central government employees
The Union Cabinet chaired by the Prime Minister, Shri Narendra Modi, today on 24th March 2023 has given its approval to release an additional instalment of Dearness Allowance to Central Governments employees and Dearness Relief to Pensioners with effect from 01.01.2023. The additional instalment will represent an increase of 4% over the existing rate of 38% of the Basic Pay/Pension, to compensate against price rise.
The combine
impact on the exchequer on account of both Dearness Allowance and Dearness
Relief would be Rs.12,815.60 crore per annum.
This will benefit about 47.58 lakh Central Governments employees and 69.76 lakh pensioners.
This increase is in
accordance with the accepted formular which is based on the recommendations of
the 7th Central Pay
Commission.
