The Cupboard Committee on Financial Affairs (CCEA) on Friday current a subsidy of ₹200 per cooking fuel cylinder to the beneficiaries of Pradhan Mantri Ujjwala Yojana (PMUY).
One at a time, the Union cabinet current an create bigger within the dearness allowance (DA) and dearness reduction to 42% of the classic pay or pension from 38%, a switch that will serve 11.7 million govt workers and pensioners.
The CCEA moreover current a minimal improve mark of jute at ₹5,050 per quintal for the year 2023-24 per the recommendations of the Payment for Agricultural Costs and Costs (CACP).
Inflation reduction
The increased dearness allowance and reduction will mark the exchequer nearly ₹12,816 crore per year.
The hike, aimed at compensating workers and pensioners for mark upward push, will be effective from January 1, 2023.
The create bigger in DA will mark the government about ₹6,554 crore a year and the dearness reduction ₹6,261 crore. For a 14-month interval thru February 2024, the total mark to the government will be about ₹14,952 crore, knowledge and broadcasting minister Anurag Singh Thakur said after the meeting.
As many as 4.76 million central govt workers and 6.98 million pensioners stand to reach from the switch, in accordance to an legit estimate.
LPG subsidy
Nearly about 96 million beneficiaries will receive the cooking fuel subsidy. „The entire expenditure will be ₹6,100 crore for FY23 and ₹7,680 crore for FY24,” the government said.
The subsidy will be shrimp to up to 12 refills a year. „There become a spirited create bigger in international costs of LPG due to the heaps of geopolitical reasons. It will be essential to protect PMUY beneficiaries from excessive LPG costs,” the observation said.
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