New Delhi: The Union Cabinet, chaired by Prime Minister Narendra Modi, today approved releasing an additional installment of Dearness Allowance to Central Government employees and Dearness Relief (DR) to pensioners with effect from 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.
Also read: Dearness Allowance of Central Government staff raised
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.
– global bihari bureau
