Good news for central employees and pensioners, Modi government hikes inflation allowance

New delhi date. 13 March 2020, Friday

The Modi government has given employees and pensioners a gift to fight inflation. The central cabinet had an important meeting on Friday. Some major decisions were made.

The Cabinet has approved raising the allowance of employees and pensioners by up to 4 per cent. Apart from this, the restructuring scheme of Yes Bank has also been approved in the Cabinet. The decision was taken on the additional demand for inflation allowance that has been running for the past few days. Also the damage to the economy due to the corona virus was discussed.

4% increase in inflation allowance
It has allowed the central government to increase the inflation allowance by 4 per cent, giving big relief to employees and pensioners. In a written reply to the Rajya Sabha last week, Union Minister of State for Finance Anurag Singh Thakur informed that with the salary of March, central employees and pensioners will begin to receive inflation allowance. The inflation allowance is the rupee, which is given to improve the living standards of the government employees of the country. India, Pakistan and Bangladesh are the countries in the world whose government employees are given this allowance. When inflation increases, the daily living standard of the employees does not suffer due to money.

The Mundhwari allowance began during World War I. Mumbai's textile industry in India first started inflation allowance in 1972. Thereafter, the central government had promised to give dearness allowance to every government employee. The capital is given to government employees, public sector employees and pensioners.

Corona will update on these five ministries daily
At the same time, the central cabinet meeting reviewed the readiness to fight the Corona virus. Health Minister Dr. Harsh Vardhan informed the Cabinet about Corona and said that India has performed the best in the world in the fight and defense against Corona. Important commands were issued to the Ministry of Foreign Affairs, Civil Aviation Ministry, Health Ministry, Commerce Ministry and Finance Ministry. Prime Minister Narendra Modi has instructed the Joint Secretary of the five ministries to update or inform him about the coronation organized by the daily press conference.