Pensioners rejoice! Cabinet has cleared additional 2% Dearness allowance
Thursday, March 16, 2017, 11:02 AM
Prime Minister Narendra Modi has approved the release of an additional installment of Dearness Allowance to Central Government employees and Dearness Relief to pensioners. It has increased by 2% over the existing rate of 2% of the 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 Pay Commission.