Quick Summary
Cabinet approves release of an additional instalment of Dearness Allowance and Dearness Relief due from 01.07.2023 48.67 lakh Central Government Employees and 67.95 lakh pensioners to benefit The Union Cabinet, chaired by the Prime Minister, Shri Narendra Modi has approved to release an ad
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FAQ :
The Cabinet has approved the release of an additional instalment of Dearness Allowance (DA) for Central Government employees and Dearness Relief (DR) for pensioners.
The increase is effective from July 1, 2023.
The increase is 4% over the existing rate of 42% of the Basic Pay/Pension.
Approximately 48.67 lakh Central Government employees and 67.95 lakh pensioners will benefit.
The combined impact on the exchequer is estimated to be Rs. 12,857 crore per annum.
The increase is in accordance with the accepted formula, based on the recommendations of the 7th Central Pay Commission, to compensate against price rise.
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