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$adminprix = 'admin' $rn = object(App\Model\Entity\Article) { 'id' => (int) 17145, 'title' => 'Cabinet meets today; may cut sugar subsidy, hike dearness allowance for Government employees -Amit Chaturvedi', 'subheading' => '', 'description' => '<div style="text-align: justify"> -NDTV </div> <div style="text-align: justify"> <br /> </div> <div style="text-align: justify"> The Union Cabinet is expected to meet this evening to consider a 7 per cent hike in the Dearness Allowance (DA) of Central government employees. </div> <div style="text-align: justify"> <br /> </div> <div style="text-align: justify"> Once approved, it will benefit over 52 lakh government employees. </div> <div style="text-align: justify"> <br /> </div> <div style="text-align: justify"> The Cabinet will also take a decision on computerisation of the Public Distribution System (PDS). A Food Ministry proposal seeks to digitise ration cards and fully computerise the PDS network especially at the back-end. </div> <div style="text-align: justify"> <br /> </div> <div style="text-align: justify"> Also, a bailout package for state power distribution companies is on the cards. The Cabinet is likely to consider a proposal for debt recasting of power distribution companies. </div> <div style="text-align: justify"> <br /> </div> <div style="text-align: justify"> The meetings of the Cabinet Committee on Economic Affairs (CCEA) and Cabinet Committee on Infrastructure (CCI), scheduled for Friday, were postponed apparently in view of the rapid political developments in the aftermath of the government's decision to hike diesel prices and operationalise its earlier move to allow Foreign Direct Investment (FDI) in multi- brand retail. </div> <div style="text-align: justify"> <br /> </div> <div style="text-align: justify"> The hike in dearness allowance will be effective from July 1, 2012, and the employees would be entitled to arrears from that date. </div> <div style="text-align: justify"> <br /> </div> <div style="text-align: justify"> The additional burden on exchequer on account of increase in DA would be around Rs. 5,000 crore for the eight-month period between July, 2012 and February, 2013. It will be Rs. 7,400 crore for the full financial year. </div> <div style="text-align: justify"> <br /> </div> <div style="text-align: justify"> The government had last increased DA in March this year from 58 per cent to 65 per cent, which was effective from January 1, 2012. It will now be increased to 72 per cent. </div> <div style="text-align: justify"> <br /> </div> <div style="text-align: justify"> The government periodically hikes the DA, which is linked to consumer price index for industrial workers. The consumer price index (CPI) based on movement in retail prices, soared to 10.03 per cent in August, from 9.86 per cent in July. </div> <div style="text-align: justify"> <br /> </div> <div style="text-align: justify"> (With PTI inputs) </div>', 'credit_writer' => 'NDTV, 24 September, 2012, http://www.ndtv.com/article/india/cabinet-may-consider-hike-in-dearness-allowance-of-central-govt-employees-in-a-meeting-today-271232?pfrom=home-otherstories', 'article_img' => '', 'article_img_thumb' => '', 'status' => (int) 1, 'show_on_home' => (int) 1, 'lang' => 'EN', 'category_id' => (int) 16, 'tag_keyword' => '', 'seo_url' => 'cabinet-meets-today-may-cut-sugar-subsidy-hike-dearness-allowance-for-government-employees-amit-chaturvedi-17273', 'meta_title' => null, 'meta_keywords' => null, 'meta_description' => null, 'noindex' => (int) 0, 'publish_date' => object(Cake\I18n\FrozenDate) {}, 'most_visit_section_id' => null, 'article_big_img' => null, 'liveid' => (int) 17273, 'created' => object(Cake\I18n\FrozenTime) {}, 'modified' => object(Cake\I18n\FrozenTime) {}, 'edate' => '', 'category' => object(App\Model\Entity\Category) {}, '[new]' => false, '[accessible]' => [ '*' => true, 'id' => false ], '[dirty]' => [], '[original]' => [], '[virtual]' => [], '[hasErrors]' => false, '[errors]' => [], '[invalid]' => [], '[repository]' => 'Articles' } $imgtag = false $imgURL = 'NDTV, 24 September, 2012, http://www.ndtv.com/article/india/cabinet-may-consider-hike-in-dearness-allowance-of-central-govt-employees-in-a-meeting-today-271232?pfrom=home-otherstories' $titleText = 'Cabinet meets today; may cut sugar subsidy, hike dearness allowance for Government employees -Amit Chaturvedi' $descText = ' -NDTV The Union Cabinet is expected to meet this evening to consider a 7 per cent hike in the Dearness Allowance (DA) of Central government employees. 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A Food Ministry proposal seeks to digitise ration cards and fully computerise the PDS network especially at the back-end. </div> <div style="text-align: justify"> <br /> </div> <div style="text-align: justify"> Also, a bailout package for state power distribution companies is on the cards. The Cabinet is likely to consider a proposal for debt recasting of power distribution companies. </div> <div style="text-align: justify"> <br /> </div> <div style="text-align: justify"> The meetings of the Cabinet Committee on Economic Affairs (CCEA) and Cabinet Committee on Infrastructure (CCI), scheduled for Friday, were postponed apparently in view of the rapid political developments in the aftermath of the government's decision to hike diesel prices and operationalise its earlier move to allow Foreign Direct Investment (FDI) in multi- brand retail. </div> <div style="text-align: justify"> <br /> </div> <div style="text-align: justify"> The hike in dearness allowance will be effective from July 1, 2012, and the employees would be entitled to arrears from that date. </div> <div style="text-align: justify"> <br /> </div> <div style="text-align: justify"> The additional burden on exchequer on account of increase in DA would be around Rs. 5,000 crore for the eight-month period between July, 2012 and February, 2013. It will be Rs. 7,400 crore for the full financial year. </div> <div style="text-align: justify"> <br /> </div> <div style="text-align: justify"> The government had last increased DA in March this year from 58 per cent to 65 per cent, which was effective from January 1, 2012. It will now be increased to 72 per cent. </div> <div style="text-align: justify"> <br /> </div> <div style="text-align: justify"> The government periodically hikes the DA, which is linked to consumer price index for industrial workers. The consumer price index (CPI) based on movement in retail prices, soared to 10.03 per cent in August, from 9.86 per cent in July. </div> <div style="text-align: justify"> <br /> </div> <div style="text-align: justify"> (With PTI inputs) </div>', 'credit_writer' => 'NDTV, 24 September, 2012, http://www.ndtv.com/article/india/cabinet-may-consider-hike-in-dearness-allowance-of-central-govt-employees-in-a-meeting-today-271232?pfrom=home-otherstories', 'article_img' => '', 'article_img_thumb' => '', 'status' => (int) 1, 'show_on_home' => (int) 1, 'lang' => 'EN', 'category_id' => (int) 16, 'tag_keyword' => '', 'seo_url' => 'cabinet-meets-today-may-cut-sugar-subsidy-hike-dearness-allowance-for-government-employees-amit-chaturvedi-17273', 'meta_title' => null, 'meta_keywords' => null, 'meta_description' => null, 'noindex' => (int) 0, 'publish_date' => object(Cake\I18n\FrozenDate) {}, 'most_visit_section_id' => null, 'article_big_img' => null, 'liveid' => (int) 17273, 'created' => object(Cake\I18n\FrozenTime) {}, 'modified' => object(Cake\I18n\FrozenTime) {}, 'edate' => '', 'category' => object(App\Model\Entity\Category) {}, '[new]' => false, '[accessible]' => [ '*' => true, 'id' => false ], '[dirty]' => [], '[original]' => [], '[virtual]' => [], '[hasErrors]' => false, '[errors]' => [], '[invalid]' => [], '[repository]' => 'Articles' } $imgtag = false $imgURL = 'NDTV, 24 September, 2012, http://www.ndtv.com/article/india/cabinet-may-consider-hike-in-dearness-allowance-of-central-govt-employees-in-a-meeting-today-271232?pfrom=home-otherstories' $titleText = null $descText = ' -NDTV The Union Cabinet is expected to meet this evening to consider a 7 per cent hike in the Dearness Allowance (DA) of Central government employees. 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