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Cabinet raises cost of living allowance for govt staff

Published on Fri, Mar 19, 2010 at 14:42 |  Source : Reuters

Updated at Fri, Mar 19, 2010 at 15:06  

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Cabinet raises cost of living allowance for govt staff

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The government on Friday raised the cost of living allowance for government employees and pensioners by 8%, a cabinet minister told reporters.

The hike will cost the government an additional Rs 69.7 billion (USD 1.5 billion) each year, Ambika Soni said at a briefing after the cabinet took the decision.

The cost-of-living allowance is linked to the percentage rise in the 12-month average of the consumer price index and is revised twice a year.

  

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