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As On 20-Feb-2020 EOD, Market Closed
SENSEX
41,170.12
-152.88 (-0.37%)
NIFTY
12,080.85
-45.05 (-0.37%)
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  • Cabinet Hikes Dearness Allowance By 5%

    The Union Cabinet Chaired by Prime Minister Narendra Modi today approved to release an additional instalment of Dearness Allowance (DA) to Central Government employees and Dearness Relief (DR) to pensioners w.e.f. 01.07.2019 representing an increase of 5% over the existing rate of 12% of the Basic pay/Pension, to compensate for price rise. This increase is in accordance with the accepted formula, which is based on the recommendations of the 7th Central Pay Commission.

    The combined impact on the exchequer on account of both Dearness Allowance and Dearness Relief would be Rs. 15909.35 crore per annum and Rs. 10606.20 crore in the financial year 2019-20 (for a period of 08 months from July, 2019 to February, 2020). This will benefit about 49.93 lakh Central Government employees and 65.26 lakh pensioners.

    The additional financial implication on account of this increase in Dearness Allowance is estimated at Rs 8590.20 Crore per year; and Rs 5726.80 Crore in the current Financial Year of 2019-20 (for 8 months from July 2019 to February 2020).

    The additional financial implication on account of the Dearness Relief to pensioners is estimated to be Rs 7319.15 Crore per annum and Rs 4870 Crore in the current FY.

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Flash News 20-Feb-2020
  •  ( 15:57) IRCTC hits a record high of Rs 1976  
  •  ( 15:57) European shares trade mostly lower  
  •  ( 15:57) Asian stocks end mostly lower  
  •  ( 15:56) Sensex, Nifty end near the day's low ahead of Trump's visit  
  •  ( 12:25) DHFL Q3 consol. PAT up 197.81% to Rs 934.31 cr.  
  •  ( 10:51) China cuts benchmark lending rates amid coronavirus outbreak  
  •  ( 10:50) Infibeam Avenues makes inroads into USA'a digital payment market  
  •  ( 10:49) Asian markets trade mixed  
  •  ( 10:49) Brickwork Ratings downgrades bonds of Vodafone Idea to BWR BB-  
  •  ( 10:49) Thomas Cook (India) to consider a buyback of shares  
  •  ( 10:43) Market breadth positive  
  •  ( 10:43) Nifty holds above 12,100  
  •  ( 09:31) Positive market breadth  
  •  ( 09:21) Local market drifts lower in early trade  
  •  ( 08:56) Sterlite Technologies adds new orders of Rs 1,500 crore  
  •  ( 08:21) Asian Paints to consider second interim dividend  
  •  ( 08:11) Kotak Mahindra Bank: RBI approves reduction of promoters' stake  
  •  ( 07:29) US S&P 500 and Nasdaq finish at all-time highs  
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20 February 2020 00:00
1842.85
(-2.30 %)
743.95
(0.37 %)
3064.45
(-0.82 %)
4880.70
(0.08 %)
545.50
(0.40 %)
2370.90
(-0.27 %)
608.15
(0.40 %)
1217.30
(-0.72 %)
2240.10
(-0.53 %)
2247.85
(-1.99 %)
546.65
(0.35 %)
1181.75
(3.57 %)
796.70
(-0.50 %)
207.40
(0.34 %)
1686.70
(-0.78 %)
1280.85
(-0.04 %)
524.75
(-0.24 %)
6754.65
(-0.03 %)
16544.10
(-1.38 %)
111.40
(-0.58 %)
102.85
(1.13 %)
189.35
(1.01 %)
1485.50
(-1.24 %)
327.65
(2.31 %)
404.90
(0.41 %)
443.70
(2.48 %)
2156.30
(-1.75 %)
829.55
(-1.36 %)
1322.70
(-0.54 %)
4431.20
(-0.93 %)
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