Cabinet approves two percent Dearness Allowance to Central Government employees

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..... Cabinet approves two percent Dearness Allowance to Central Government employees - News and Press Release Dated:- 8-3-2018 - News - The Union Cabinet chaired by Prime Minister Shri Narendra Modi has .....

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..... given its approval to release an additional instalment of Dearness Allowance (DA) to Central Government employees and Dearness Relief (DR) to pensionersw.e.f. 01.01.2018 representing an increase of 2% .....

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..... over the existing rate of 5% of the Basic Pay/Pension, to compensate for price rise. This will benefit about 48.41 lakh Central Government employees and 61.17 lakh pensioners. The combined impa .....

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..... ct on the exchequer on account of both Dearness Allowance and Dearness Relief would be ₹ 6077.72 crore per annum and ₹ 7090.68 crore in the financial year 2018-19 (for a period of 14 month .....

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..... s from January, 2018 to February, 2019). This increase is in accordance with the accepted formula, which is based on the recommendations of the 7th Central Pay Commission. - News - Press release .....

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..... - PIB Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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