Wed Oct 09 09:42:24 UTC 2024: ## India to Continue Supplying Fortified Rice, DA Hike Expected Soon

**New Delhi:** The Indian government has approved a budget of Rs 17,082 crore to continue the supply of fortified rice under various welfare schemes until December 2028. This will benefit approximately 80 crore citizens, according to Union Minister Ashwini Vaishnaw.

The decision was taken during a cabinet meeting today, with the funding entirely allocated by the central government. The initiative aims to promote inclusive development by ensuring access to nutritious food for vulnerable populations.

Meanwhile, anticipation is building for a possible dearness allowance (DA) hike for government employees. The Union Minister is expected to address the media shortly, potentially unveiling a 3% increase in DA, effective from July 1st, 2024.

The DA, which currently stands at 50%, is calculated based on the All India Consumer Price Index (AICPI). Any increase will be reflected in a corresponding rise in Dearness Relief (DR) for retired employees.

The announcement is eagerly awaited by government employees, who would receive arrears for the past three months (July-September) along with the revised DA.

**Other Key Updates:**

* **Traders Gurukul:** The “BOTS” (Biggest Options Traders Summit) will be held on the 2nd or 3rd Sunday of every month in major Indian cities. This event aims to enhance the options trading experience for retail investors.
* **Stock Market:** Experts are analyzing the current stock market trends, suggesting investors focus on the IT sector and banking stocks.

**Please note:** This news article is based on information provided in the original text and may not be exhaustive. For further details, please refer to reliable news sources.

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