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April 3, 2001
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Money > Business Headlines > Report April 3, 2001 |
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Additional DA slice for govt staff, pensionersTara Shankar Sahay in New Delhi The Union cabinet on Tuesday approved a hike of two per cent in the dearness allowance and dearness relief of central government employees and pensioners, respectively, according to Union Parliamentary Affairs Minister Pramod Mahajan. Briefing reporters on the outcome of the Union cabinet meeting, he pointed out that the hike of two per cent in the cases of, both, central government employees and pensioner would be from 41 per cent to 43 per cent. This would be effective from January 1, 2001. He said that the additional financial implication on these two scores would be a total of Rs 7.99 billion. Dearness allowance to central government employees is revised twice a year. He said the union cabinet also approved the introduction of the Central Sales Tax (Amendment) Bill, 2001. He said this bill would amend the Central Sales Tax Act, 1956. The amendment seeks to add a new chapter name 'authority to settle disputes in course of inter-state trade or commerce'. According to Mahajan, this authority will be known as Central Sales Tax Appellate Authority which would be headed by a chairman who would be a retired judge of the Supreme Court. It also approved amendments to the Delhi Rent (Amendment) Bill, 1997, including: (i) The rental limit for the purpose of applicability will be increased from Rs 3,500 to Rs 7500 per month; (ii) A pro-forma for rent agreement and its procedure will be prescribed in the rules; and (iii) Period given for enabling the legal heirs of deceased individual tenant of a non-residential premises for making alternative arrangements will be increased from the present three years to five years. The DA to central government employees is revised twice a year from January 1 and July 1, which is payable with the salaries for March and September, respectively. Each such increase is calculated on the basis of the percentage increase in 12-monthly average of All India Consumer Price Index for Industrial Workers (General) over the base index of 306.33. |
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