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TMI BlogCabinet approves 5% additional DA/DR due July, 2019X X X X Extracts X X X X X X X X Extracts X X X X ..... Cabinet approves 5% additional DA/DR due July, 2019 X X X X Extracts X X X X X X X X Extracts X X X X ..... 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. The combined impact on the exchequer on account of both Dearness Allowance and Dearness Relief would be ₹ 15909.35 crore per annum and ₹ 10606.20 crore in the financial year 2019-20 (for a period of 08 mont ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... hs from July, 2019 to February, 2020). This will benefit about 49.93 lakh Central Government employees and 65.26 lakh pensioners. The additional financial implication on account of this increase in Dearness Allowance is estimated at ₹ 8590.20 Crore per year; and ₹ 5726.80 Crore in the current Financial Year of 2019-20 (for 8 months from July 2019 to February 2020). The additional fin ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ancial implication on account of the Dearness Relief to pensioners is estimated to be ₹ 7319.15 Crore per annum and ₹ 4870 Crore in the current FY. Dear Allowance/Dearness Relief is paid to Central Government employees/pensioners to adjust the cost of living and to protect their basic pay/pension from erosion in the real value. Dear Allowance/Dearness Relief is revised twice a year fr ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... om 1st January and 1st July. X X X X Extracts X X X X X X X X Extracts X X X X
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