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Dearness Allowance hiked by 6%

News

  • In a bonanza to over one crore central government employees and pensioners, the Cabinet today hiked Dearness Allowance (DA) by 6 per cent to 113 per cent of their basic pay with effect from January.
  • The increase is in accordance with the accepted formula based on the recommendations of the 6th Central Pay Commission.
  • It would lead to an outgo of Rs 7,889.34 crore in the current fiscal.
  • DA was last revise in September last year from 100 per cent of basic pay to 107 per cent. The increase was effective from July 1, 2014.

Benefit

  • The decision is benefiting 48 lakh government employees and 55 lakh pensioners.

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