1) The new rate will be applicable from July 1.
2) The combined impact on the exchequer on account of both DA and DR would be Rs 3,068.26 crore per annum and Rs 2,045.50 crore in the financial year 2017-18 (for a period of 8 months from July 2017 to February 2018).
3) This move will benefit about 49.26 lakh central government employees and 61.17 lakh pensioners, according to an official statement.
5) The rate of increase is in accordance with the accepted formula based on the Seventh Central Pay Commission recommendations, the statement added. (With Agency Inputs)
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