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Centre gives Holi gift to employees, pensioners with a 6% DA hike
Central New DA Jan 2016 Enhanced 6% DA |
The new rate of DA will be implemented from January 1, 2016, which will be applicable for 4.8 million central government employees and 5.5 million pensioners. The new rate of DA is expected to be implemented from January 1, 2016, which will be applicable for 4.8 million central government employees and 5.5 million pensioners. DA is paid as a proportion of basic pay of employees.
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Central Employees New DA Enhanced 6% , From 119% to 125%
The proposal to hike DA is moved by the Finance Ministry on the basis of accepted formula for calculation. The Union Cabinet approves the DA hike for its employees. Earlier in September 2015, DA was increased to 119 per cent from 113 per cent which was effective from July 1, 2015. In April 2015, the government had hiked DA by 6 percentage points to 125 per cent of their basic pay with effect from January 1, 2016.
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