Cabinet approves release of additional 1% Dearness Allowance to Central Government employees and Dearness Relief to pensioners w.e.f. 01.07.2017
The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has given its approval for release of additional 1% Dearness Allowance (DA) to Central Government employees and Dearness Relief (DR) to pensioners. It will be applicable from 01.07.2017.
The release of the additional instalment of DA represents an increase of 1% over the existing rate of 4% 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.
The combined impact on the exchequer on account of both DA and DR would be Rs.3068.26 crore per annum and Rs.2045.50 crore in the financial year 2017-18 (for a period of 8 months from July, 2017 to February, 2018). This will benefit about 49.26 lakh Central Government employees and 61.17 lakh pensioners.
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It should be 5% as per the increase in prices from Jan-17 to June-2017.
But BJP govt. is making fool to govt. employees by givinh 1% DA we.f, 1-7-2017
Thanx, something is better than nothing. If possible, please apply Gautam Seth sir formula.
Thanks sir for making joke of Cg employees. Inti meharbani kyun ise bhi rahne dete. 1% da ko bachake kai ullu sidhe ho sakte the
THANKS FOR 1% DA. MY REQUEST TO HONARABLE FM SIR PLEASE THINK FOLLOWING FOR FURTHER CONSIDERATION:-
DA MAY BE DECLARED LIKE
1% FOR BASIC PAY 50000-HIGHER RANGE
2% FOR BASIC PAY 30000 TO 50000
3% FOR BASIC PAY BELOW 30000.
IT WAS DONE WHEN DR MONMOHAN SINGH SIR WAS FINANCE MINISTER.
no problem sure this 1% will up lift the poor CG employees. thanks to government.