Both Dearness Allowance and Dearness Relief are calculated based on the retail inflation for industrial workers. While DA is given to government employees, DR is given to government pensioners.
The sale of the government’s entire 29.5% stake in Hindustan Zinc would fetch ₹38,062 crore to the exchequer as per the company’s closing price on Wednesday.
This will enable PSEs to monetise their investment at an opportune time or close their loss-making and inefficient subsidiary, unit or JV at the right time.
In another attempt to sweeten the deal for buyers interested in Air India, the government has amended the FDI policy on investment in the flag carrier.