Dearness Allowance hike: Union cabinet meeting underway
New Delhi: The Union Cabinet is likely to discuss the hike in DA (Dearness Allowance) on Wednesday.
The cabinet meeting is underway at 7 RCR currently. Further details are awaited.
Government in April hiked dearness allowance by 6 percent to 113 percent of the central government employees and pensioners’ 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, an official statement had said.
The release further said the combined impact on the exchequer on account of both DA and DR would be of the order of Rs 6,762.24 crore per annum, and Rs 7,889.34 crore in the 2015-16 (for a period of 14 months from January 2015 to February 2016).
With Agency Inputs