Cabinet approves additional instalment of 4% Dearness Allowance and Dearness Relief to Central Government employees and pensioners

49.18 lakh employees and 67.95 lakh pensioners to benefit

4% benefit to cost Rs.12,868.72 crore per annum to exchequer

The Union Cabinet chaired by Prime Minister Shri Narendra Modi approved to release an additional instalment of Dearness Allowance (DA) to Central Government employees and Dearness Relief (DR) to pensioners w.e.f. 1.1.2024 representing an increase of 4% over the existing rate of 46% of the Basic Pay/Pension, to compensate against price rise.

 The combined impact on the exchequer on account of both Dearness Allowance and Dearness Relief would be Rs.12,868.72 crore per annum.  This will benefit about 49.18 lakh Central Government employees and 67.95 lakh pensioners.

 This increase is in accordance with the accepted formula, which is based on the recommendations of the 7^th Central Pay Commission.

PIB

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The government has approved a proposal to extend the 7th Central Pay Commission benefits to teachers and other academic staff of the state government and government-aided degree level technical institutes.

Shri Javadekar informed that the Government has approved proposal to extend the 7th CPC to the teachers and other academic staff of the State Govt. / Govt. aided degree level technical institutions in the country, which will have additional Central Government liability of Rs.1241.78 crore. He said that the Central Government will reimburse 50% of the total additional expenditure (from 1.1.2016 to 31.3.2019) to be incurred by these institutes for payment of arrears on account of 7th CPC implementation.

This will directly benefit a total of 29,264 teachers and other academic staff of State Government funded institutes. Besides, about 3.5 lakh teachers and other academic staff of private colleges/ institutions within the purview of AICTE will also benefit from the approval given today, he added.

This will have additional Central government liability of over 1240 crore rupees. The Centre will reimburse 50 per cent of the total additional expenditure from 1st January 2016 to 31st March this year to be incurred by these institutes for payment of arrears.

An official release said, the measure will directly benefit more than 29 thousand teachers and other academic staff of state government funded colleges and institutes.

Besides, about three-and-a-half lakh teachers and academic staff of private institutes under the AICTE will also benefit. Implementation of pay commission recommendation in State Government Aided / funded AICTE approved technical institutes will help them in attracting and retaining the faculty of high academic standards.

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