The Union Cabinet chaired by the Prime Minister Narendra Modi gave its approval to release an additional instalment of Dearness Allowance (DA) to the Central Governments employees and Dearness Relief to Pensioners with effect from 1st January 2023.
The additional instalment will represent an hike of 4% over the existing rate of 38% of the Basic Pay / Pension to compensate against the price rise.
With the hike of 4% Dearness Allowance (DA) to the Central Governments employees and Dearness Relief the combine impact on the exchequer on account of both Dearness Allowance and Dearness Relief to Pensioners with effect from 1st January 2023 would be Rs.12,815.60 crore per annum.
Hike of 4% Dearness Allowance (DA) will benefit about 47.58 lakh Central Governments employees and 69.76 lakh pensioners.
This increase of 4% Dearness Allowance (DA) is in accordance with the accepted formulae which is based on the recommendations of the 7th Central Pay Commission, At the time of rise in all commodities the hike of 4% Dearness Allowance (DA) to the Central Governments employees and Dearness Relief to Pensioners has brought much sought satisfaction, for more details CLICK HERE
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