The Union Cabinet today gave approval for the creation of a domestic insurance pool, named Bharat Maritime Insurance Pool, with a sovereign guarantee of 12,980 crore rupees to facilitate continuous maritime insurance coverage. Briefing media in New Delhi after the Cabinet meeting, Information and Broadcasting Minister Ashwini Vaishnaw said the pool ensures that Indian trade continues to have access to affordable insurance for vessels carrying cargo from any international origin to Indian ports and vice versa, even when transiting volatile maritime corridors.
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DA Increase form 60% to 63%
The Cabinet also approved the release of an additional instalment of Dearness Allowance to Central Government employees and Dearness Relief to pensioners with effect from 1st January this year, representing an increase of two per cent over the existing rate of 58 per cent of the basic pay or pension, to compensate against price rise. Mr Vaishnaw said the combined impact on the exchequer on account of an increase in both Dearness Allowance and Dearness Relief would be over 6,791 crore rupees per annum. He said this will benefit over 50 lakh Central Government employees and over 68 lakh pensioners.
- 07/09/2026
File Size: 120 kb
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- Summary
The Cabinet also approved the release of an additional instalment of Dearness Allowance to Central Government employees and Dearness Relief to pensioners with effect from 1st January this year, representing an increase of two per cent over the existing rate of 58 per cent of the basic pay or pension, to compensate against price rise. Mr Vaishnaw said the combined impact on the exchequer on account of an increase in both Dearness Allowance and Dearness Relief would be over 6,791 crore rupees per annum. He said this will benefit over 50 lakh Central Government employees and over 68 lakh pensioners.
- KEY HIGHLIGHTS
Order No.
1285/XVII/2026-27(3)
Order Date
07/09/2026
Effective From
01/07/2026
Language
Hindi
- Full Government Order Details
- Source & Reference
Order No.: 1285/XVII/2026-27(3)
Document Date: 07/09/2026
Language: Hindi
- Order Information
Document No.: 1285/XVII/2026-27(3)
Document Date: 07/09/2026
Effective Date: 01/07/2026
Language: Hindi
File Size: 120 kb
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