Union Minister Piyush Goyal said 49.18 lakh employees and 67.95 lakh pensioners will benefit from the decision. It would cost Rs 12,868.72 crore per annum to the exchequer.
This will benefit workers employed in construction, maintenance of roads, runways, building operations, sweeping, cleaning, loading, unloading, watch and ward, mines & agriculture.
The Union Cabinet on 14 July had decided to restore Dearness Allowance and Dearness Relief for central government employees and pensioners while increasing the rate of allowance to 28%.
In view of the pandemic, Modi govt had earlier frozen the three additional instalments of the DA & DR which were due from 1 January, 2020, 1 July, 2020 and 1 January, 2021.
The lowest paid central government employee still earns more than 85% of Indians. Money saved from dearness allowance will go a long way in Covid crisis.
Due to Covid-19 crisis, additional instalment of DA and DR due from 1 January 2020 will not be paid. However, they will continue to be paid at current rates.
India’s foreign policy today is driven less by Western alignment or global liberalism and more by domestic political imperatives — economic, ideological, and electoral.
Electronics—specifically smartphones—& energy & pharma products make up 30% of Indian exports to US. 25% tariff on India came into effect Thursday, extra 25% to kick in by August-end.
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