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Source: media reports

Cost of living allowance raised for govt staff

Cost of living allowance raised for govt staff
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First Published: Fri, Aug 31 2007. 09 57 AM IST
Updated: Fri, Aug 31 2007. 09 57 AM IST
New Delhi: India on 30 August approved a rise in a cost of living allowance for government employees and pensioners that will cost Rs2190 crore in the fiscal year to March 2008, Information and Broadcasting Minister Priya Ranjan Dasmunshi said.
The cost of living allowance has been raised by 6 percentage points to 41% of basic salary from 35%, backdated to 1 July, he told reporters.
The federal government revises the allowance twice a year. The revision is calculated on the basis of the percentage rise in the 12-month average of the consumer price index.
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First Published: Fri, Aug 31 2007. 09 57 AM IST