Dearness Allowance (DA) Hike Information Updates: The Union Cupboard headed by Prime Minister Narendra Modi on Wednesday hiked the dearness allowance (DA) and dearness aid (DR) by 4 per cent for central authorities staff and pensioners, Union Minister Anurag Thakur knowledgeable. The hike shall be efficient from July 1, 2022.
Moreover, the Cupboard additionally accredited the extension of Pradhan Mantri Garib Kalyan Ann Yojana (PMGKAY) for one more three months until December 2022. The scheme to offer free rations to 80 crore for 3 extra months until December 2022 will price Rs 44,700 crore, Thakur mentioned.
Dearness Allowance (DA)
The Cupboard accredited 4 per cent extra installment of DA and DR to central authorities staff and pensioners with impact from July 1. The transfer is about to profit roughly 41.85 lakh central authorities staff and 69.76 lakh pensioners.
The extra monetary implications on account of the rise of DA to staff are estimated at Rs 6,591.36 crore every year, and Rs 4,394.24 crore within the monetary 12 months 2022-23 (8 months from July 2022 to February 2023). The extra monetary implications within the case of pensioners are estimated at Rs 6,261.20 crore every year, and Rs 4,174.12 crore within the monetary 12 months 2022-23.
The mixed impression on the exchequer on account of each DA and DR can be of the order of Rs 12,852.56 crore every year and Rs 8,568.36 crore within the present monetary 12 months, Thakur knowledgeable in a press briefing.
Free ration scheme
Other than the DA and DR hike, the Cupboard additionally prolonged its program to offer free rations to the poor at a value of Rs 44,762 crore by three months in a bid to ease ache from excessive inflation.
The scheme to offer 5 kg of wheat and rice freed from price to 80 crore poor each month, which was ending on Friday, will now run by way of December 2022, Thakur mentioned.
The Pradhan Mantri Garib Kalyan Anna Yojana (PMGKAY) was began in April 2020 to assist the poor whose livelihoods had been affected by the nationwide lockdown aimed toward containing the unfold of Covid-19.
Cupboard approves extension of Pradhan Mantri Garib Kalyan Ann Yojana (PMGKAY) for one more three months (October 2022-December 2022)#CabinetDecisions pic.twitter.com/fayVmMwUrN
— Satyendra Prakash (@DG_PIB) September 28, 2022
Beneath this scheme, 5 kg of meals grain per particular person monthly is offered freed from price for all of the beneficiaries lined below the Nationwide Meals Safety Act (NFSA).
Thakur mentioned the federal government has to date spent Rs 3.45 lakh crore on the PMGKAY scheme since its launch in April 2020. With the extra expenditure of about Rs 44,762 crore for the most recent extension, the general expenditure of the PMGKAY shall be about Rs 3.91 lakh crore for all of the phases.
He added that 122 lakh tonne of foodgrains shall be given out freed from price within the three months from October 1.