All you need to know about the decisions taken by the Cabinet today
Union Minister Piyush Goyal on Thursday announced a myriad of decisions taken by the Narendra Modi government in its Cabinet meeting, ranging from allowance hikes and minimum support price hikes to new schemes for artificial intelligence.
In a presser post the Cabinet meeting, Goyal announced outlays of Rs 10,037 crore for the Uttar Poorva scheme and Rs 10,371.92 crore to fund an ambitious IndiaAI Mission.
Thursday's announcements come in the run-up to the Lok Sabha polls, likely to take place in May, this year. On other fronts, the Central government is currently in a tug-of-war with scores of farmers who are protesting to avail legal support for minimum support prices as well as loan waivers.
Here are all the decisions the Union Minister announced today:
4% increase in Dearness Allowance
The Cabinet approved an additional installment of the dearness allowance, expected to benefit 49.18 lakh employees and 67.95 lakh pensioners. "...representing an increase of 4% over the existing rate of 46% of the Basic Pay/Pension, to compensate against price rise," the government said in a release.
Thursday's increase is expected to cost Rs 12,868.72 crore per annum to the exchequer.
«The combined impact on the exchequer on account of both Dearness Allowance and Dearness Relief would be Rs.12,868.72 crore per annum. This will benefit about 49.18 lakh Central Government employees and 67.95 lakh pensioners,» the release adds.
Continuation of Rs 300 Ujjwala subsidy
Prime Minister Modi's Cabinet also approved the continuation
