Speed Post News Network
New Delhi : Union Cabinet, chaired by Prime Minister Narendra Modi, on October 21, 2021. approved to release an additional instalment of Dearness Allowance (DA) to Central Government employees and Dearness Relief (DR) to pensioners w.e.f. July 1, 2021, representing an increase of 3% over the existing rate of 28% 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, according to a PIB release. The combined impact on the exchequer on account of both Dearness Allowance and Dearness Relief would be Rs 9,488.70 crore per annum. This will benefit about 47.14 lakh Central Government employees and 68.62 lakh pensioners.