The Dearness Allowance (DA) of the central government employees and Dearness Relief (DR) to pensioners have been increased by 3 per cent to 34 per cent of the basic pay with effect.
The Union Minister for Ports, Shipping and Waterways, Shri Sarbananda Sonowal inaugurated 'Nikarshan Sadan' - The DCI (Dredging Corporation of India) Dredging Museum in Vishakhapatnam.
The Union Cabinet has approved an amendment to the FDI Policy to allow FDI up to 20 percent under the "automatic route" in LIC. This comes ahead of IPO of LIC. It must be noted that the FDI limit in the insurance sector is 74 percent. Last year it was raised from 49% to 74%.