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The decision to provide higher DA to employees will cost the exchequer an additional Rs 9,303 crore per annum, an official spokesperson said.

 
 
The finance minister, sticking to his conservative estimates from the Budget, said he expects the economy to grow at 9 per cent in 2011-12.
The currency rose to 46.25 against the US dollar on mild selling of the US currency by banks and corporates in view of continued capital flows.
Cairn India Chairman Bill Gammell told company shareholders that the field could produce 20 per cent more from the current 1,25,00 barrels per day.
In a setback to construction major Larsen and Toubro, the Delhi High Court has asked power PSU NTPC to continue with its bidding process for a Rs 25-k tender.
An oil spill covering nearly 3 to 5 km area along the coast in Andhra Pradesh's East Godavari district has been noticed.
 
 
The figure is compiled under the new series with 2004-05 as the base year. Inflation for previous week settled at 11.47 per cent under the old series.
The meeting will discuss the constitutional amendments needed to roll out the proposed Goods and Services Tax from April next year.
The currency, supported by fresh capital inflows from foreign funds, rose to 46.38 against the US dollar on the Interbank Foreiogn Exchange.
The Finance Minister said his ministry along with the Reserve Bank of India will take the necessary steps as and when the time comes.
The US State Department spokesman said the country is looking forward to colaborate with India to turnaround fortunes of agriculture sector globally.
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