Indian Military Veterans
DA hiked by 2% from Jan
2017 for central government employees
The dearness allowance (DA) hike for central government employees
and pensioners approved by the cabinet will be applicable from 1 January 2017
The dearness allowance is paid as a proportion of the basic pay of
the central government employees. Photo: Hemant Mishra/Mint
New Delhi: The Union Cabinet on Wednesday
approved a 2% hike in dearness allowance (DA) and dearness relief to 4% from
January 1, 2017, benefiting 48.85 central government employees and 55.51 lakh
pensioners.
“The Union Cabinet chaired by Prime Minister
Narendra Modi has approved release of an additional instalment of dearness
allowance to central government employees and dearness relief to pensioner with
effect from January 1, 2017,” an official statement said.
The DA/DR has been hiked by 2 per cent over the
existing rate of 2 per cent of the basic pay/pension to compensate for price
rise and it is in accordance with the accepted formula based on the
recommendation of 7th pay commission, the statement said.
This hike in DA/DR will benefit 48.85 lakh central
government employees and 55.51 lakh pensioners, it said. The statement said
that the combined impact on the exchequer on account of both dearness allowance
and dearness relief would be Rs 5,857.28 crore per annum and Rs 6,833.50 crore
in the Financial Year 2017-18 (for a period of 14 months from January, 2017 to
February, 2018).
The hike in the DA hike is as per the agreed
methodology of taking average of Consumer Price Index-Industrial Workers for
the past 12 months.
The Confederation of Central Government Employees had termed it as
a meagre hike in view of actual rise in cost of living index saying the CPI-IW
was far from reality. The union had also said that there was a lot of variation
in the rates of price rise of commodities by Ministry of Agriculture and
CPI-IW.
Exp:55%
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