DA hike for Central staff

daPrime Minister Narendra Modi has approved release of an additional installment of Dearness Allowance to Central Government employees and to pensioners from July 1, which increases 6 percent over the existing 113 percent to compensate for price rise. It will benefit about 50 lakh employees and 56 lakh pensioners. The increase is based on the recommendations of the 6th Central Pay Commission. The impact on the exchequer would be Rs 6655.14 crore per annum and Rest 4436.76 crore in 2015-16.

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