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The average cost of imported oil fell about 20.6% to $82.34 a barrel in the six months to September from $103.68 in the same period last year | Latest News India
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The Indian government has increased the dearness allowance (DA) for central government employees by 4% to 46%, along with a similar increase in dearness relief (DR) for pensioners. The decision, applicable from July 1, 2023, will have an annual impact of ₹12,857 crore ($1.74 billion) on the exchequer. The move comes ahead of the festive season and crucial assembly polls, and follows a substantial easing of retail inflation in September. Experts warn that the geopolitical situation in the Middle East may again push up food and fuel rates globally, potentially impacting India. | Latest News India
The cabinet decision to raise DA by four percentage points comes week after the Election Commission announced assembly polls in five states starting from November 7 | Latest News India