Tag: allowance

  • SL to raise duty-free allowance for migrant workers to encourage remittance

    SL to raise duty-free allowance for migrant workers to encourage remittance

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    Colombo: Sri Lanka is set to increase duty-free allowances for migrant workers at the airport starting from May in order to encourage remittance, Minister of Labour and Foreign Employment, Manusha Nanayakkara said.

    The increase will be based on the amount of money remitted by the workers, Nanayakkara added on Monday during a media briefing.

    Under the new scheme, there will be five categories of concessions, Xinhua news agency reported.

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    For people having remitted $2,400-$4,799, $4,800-$7,199, $7,200-$11,999, $12,000-$23,999 and $24,000 or more, they will be eligible for an additional duty-free allowance of $600, $960, $1,440, $2,400, and $4,800, respectively, when shopping at the airport, according to the Minister.

    The concessions will be available to anyone who has sent the mentioned amount of money through official channels to the country within a year, the Minister said.

    He added that no tax will be charged on foreign worker remittances and money held in banks in the form of foreign exchange.

    Migrant workers’ remittance is one of the main sources of foreign exchange for the South Asian country.

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    ( With inputs from www.siasat.com )

  • On April Fools’ Day, Bandi Sanjay mocks KCR’s unemployment allowance promise

    On April Fools’ Day, Bandi Sanjay mocks KCR’s unemployment allowance promise

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    Hyderabad: On April Fools’ Day, Bandi Sanjay, the Telangana BJP president, took a dig at Chief Minister K Chandrasekhar Rao’s unemployment allowance promise. Sanjay shared KCR’s photograph and sarcastically wrote, “Unemployed youth will be given ₹3016 allowance – CM KCR. If you believed that, Happy April Fools Day!”

    This statement comes at a time when the BJP is leaving no stone unturned to target KCR ahead of the upcoming assembly polls in Telangana.

    Telangana unemployment allowance

    The unemployment allowance scheme was promised by KCR during the 2018 assembly polls when he sought a second term for the Telangana Rashtra Samithi (TRS).

    The scheme aims to provide Rs 3,016 per month to unemployed youths across the state.

    BJP aims to win maximum seats in Assembly polls in Telangana

    The BJP is leaving no stone unturned to win a maximum number of seats in the upcoming assembly polls in Telangana.

    In the last assembly polls in 2018, the TRS won a resounding mandate, winning 88 out of 119 seats, while the Congress had to settle for just 19. The BJP could only manage to win a single seat.

    However, their hopes increased after their performance in the GHMC elections.

    The BJP’s constant targeting of KCR’s promises, including the unemployment allowance scheme, seems to be a part of their strategy to gain more votes in the upcoming polls.

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    #April #Fools #Day #Bandi #Sanjay #mocks #KCRs #unemployment #allowance #promise

    ( With inputs from www.siasat.com )

  • Cabinet clears dearness allowance hike by 4 pc

    Cabinet clears dearness allowance hike by 4 pc

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    New Delhi: In a bonanza for 48 lakh Central government employees and 70 lakh pensioners, the government on Friday hiked dearness allowance (DA) and dearness relief (DR) by 4 per cent with retrospective effect from January 1, 2023.

    The decision was taken in the Union Cabinet meeting on Friday evening.

    According to official sources, the additional instalment will represent an increase of 4 per cent over the existing rate of 38 per cent of the basic pay or pension, to compensate against price rise.

    The cabinet gave its approval to release an additional instalment of DA to Central government employees and DRA to pensioners with effect from January 1, 2023, they added.

    The combined impact on the exchequer on account of both DA and DR would be Rs 12,815.60 crore per annum, the sources added.

    This increase is in accordance with the accepted formula, which is based on the recommendations of the 7th Central Pay Commission.

    DA is calculated as per the latest consumer price index for industrial workers. It is revised periodically twice a year and was last revised in September 2022, and was effective retrospectively from July 1, 2022.

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    ( With inputs from www.siasat.com )

  • DA Hike Update: Dearness Allowance to central employees

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    Central employees and pensioners can get a gift of 4 per cent dearness allowance in Navratri, after which the total DA will increase from 38 per cent to 42 per cent.

    This increase in DA and DR will be from January 2023 to June 2023 i.e. for the first half. The new DA can be implemented from January 1, 2023, in such a situation, the arrears of January and February can be given to the employees in April by adding them to the salary of March. This will benefit 50 lakh employees and 65 lakh pensioners.

    Central Employee DA Hike Update: There is good news for central employees and pensioners. After the figures of AICPI index, dearness allowance and dearness relief are expected to increase by 4 percent, it is expected that the Modi government at the center may announce DA hike next week, the new DA will be implemented from January 1, 2023. Can be implemented, although not officially confirmed yet.

    According to media reports, central employees and pensioners can get a gift of 4 percent dearness allowance in Navratri, after which the total DA will increase from 38 percent to 42 percent. This increase in DA and DR will be from January 2023 to June 2023 i.e. for the first half. The new DA can be implemented from January 1, 2023, in such a situation, the arrears of January and February can be given to the employees in April by adding them to the salary of March. This will benefit 50 lakh employees and 65 lakh pensioners.

    Salary will increase from 27000 to 1.20 lakh

    If media reports are to be believed then if DA becomes 42% then the employee will get Rs 7,560 as DA. That means he will get Rs 720 more. That is, there will be a benefit of Rs 8,640 per year. If the basic salary of a government employee is Rs 56,000, then DA at the rate of 38% is Rs 21,280. After 4% increase it will become Rs.23,520. There will be a profit of Rs 26,880 annually.

    If the basic salary of any employee is Rs 30,000 per month, then his salary will increase by Rs 1200 every month, according to this the annual gross salary will increase by Rs 14,400. If the basic salary of an employee is Rs 2.50 lakh per month, then his The annual salary will increase by Rs 1,20,000.

    DA increases twice a year

    Actually, the dearness allowance of central employees and pensioners increases twice a year, depending on the AICPI data released by the Labor Ministry. The Modi government increases the DA of employees every six months, Dearness Allowance (DA) is a part of the salary structure of government employees.

    In the last half year, the government had increased the DA of central employees by four per cent, after which the DA of the employees had increased from 34 per cent to 38 per cent. At present the central employees are getting the benefit of 38% dearness allowance and dearness relief, after this increase it will be 42%.

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    ( With inputs from : kashmirpublication.in )

  • Chhattisgarh CM Baghel announces allowance for unemployed youth

    Chhattisgarh CM Baghel announces allowance for unemployed youth

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    Jagdalpur: In a major announcement ahead of the Chhattisgarh Assembly polls due this year-end, Chief Minister Bhupesh Baghel on Thursday said unemployed youth will be given a monthly allowance in the state from the next financial year.

    It was one of the key promises made by the Congress ahead of the 2018 Assembly polls, following which the party returned to power in the state after a gap of 15 years.

    Addressing people on the occasion of the Republic Day on Thursday after unfurling the national flag at the Lalbag Parade grounds in Jagdalpur, the headquarters of Bastar district, Baghel also announced the formulation of a rural industry policy in the state to strengthen the cottage industry-based rural economy.

    The CM further said factories located in industrial areas developed by the Industries Department will be exempted from property tax.

    He also made a number of other announcements, including setting up of an aerocity near Raipur airport, housing assistance scheme for labourers and a scheme to promote women entrepreneurship, apparently eyeing the Assembly elections.

    “Unemployed youth will be given an unemployment allowance every month from the next financial year (2023-24),” Baghel said without specifying the amount.

    An aerocity will be developed near the Swami Vivekananda Airport, Raipur, to enhance passenger facilities, commercial development of the airport area and employment generation, he said.

    Construction workers registered with the Chhattisgarh Building and Other Construction Workers Welfare Board for a period of three years will be given a grant of Rs 50,000 for building their houses, he said.

    To strengthen the cottage industry-based rural economy, and to increase employment and the income of people in rural pockets, Baghel also announced the formulation of a rural industry policy in the state.

    Besides, a new scheme will also be brought to encourage women groups, women entrepreneurs, and businesswomen to launch start-ups and set up industries, he said.

    Baghel asserted that the state government was determined to preserve the tribal culture and festivals.
    An aid of Rs 10,000 will be provided every year to each gram panchayat for organising festivals of tribal communities in the tribal-dominated Bastar and Surguja divisions and scheduled areas of the state from the next financial year, he said.
    Besides, Chhattisgarh State Innovation Commission will be constituted with an aim to promote innovation for the development of the state, he said.

    A riverfront will be developed along the Kharun river which flows on the outskirts of the capital Raipur bordering Durg district, he said.

    Baghel said the Ramayan and Manas Mandli Mahotsav will be held in the state and Maa Kaushlaya Mahotsav will be organised in Chandkhuri, where Mata Kaushlya temple is located, every year.

    According to research scholars, Chandkhuri, situated in Raipur district, is the birthplace of Mata Kaushalya and the temple there is the only one in the world dedicated to her.

    The temple has been renovated and beautified by the Congress government as a part of its ambitious ‘Ram Van Gaman’ tourism circuit project under which all significant places in the state which Lord Ram is believed to have visited during his exile are being developed as places of tourist attraction.

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    ( With inputs from www.siasat.com )