This will benefit about 49.18 lakh Central government employees and 67.95 lakh pensioners, according to an official statement issued after the meeting.
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 increase is in accordance with the accepted formula, which is based on the recommendations of the 7th Central Pay Commission.
IANS
