China to increase minimum allowance for BPL families by 10%
China govt to give 10 per cent rise in minimum salary and step up subsidies to families living below the poverty line.
By PTI |
BEIJING: The Chinese government on Saturday said it would give a 10 per cent rise in minimum salary and step up subsidies to families living below the poverty line, in an apparent move to soften the impact of rising prices the government is battling against identifying it as its biggest concern.
The move from July one coming ahead of the Beijing Olympics will see the Minimum salary for city employees rise from 730 Yuan (USD 106) to 800 Yuan or 4.6 Yuan an hour, state media reported.
In tandem, the monthly allowance for families living below the poverty line would be enhanced by 60 Yuan to 390 Yuan, the sharpest increase in the past nine years, state-run Xinhua news agency said.
The citys employment insurance, job-related injury insurance and pension would also go up, the agency said quoting Beijing News.
Chinas inflation rate reached 7.7 per cent in May, dropping from 8.5 per cent reported a month earlier which was near a 12-year monthly high of 8.7 per cent recorded in February this year, despite tight monetary policy and other measures to tame the price rise.
About 45 per cent of the people polled in a central bank nationwide survey in June still said the prices were "unacceptably high".
The move from July one coming ahead of the Beijing Olympics will see the Minimum salary for city employees rise from 730 Yuan (USD 106) to 800 Yuan or 4.6 Yuan an hour, state media reported.
In tandem, the monthly allowance for families living below the poverty line would be enhanced by 60 Yuan to 390 Yuan, the sharpest increase in the past nine years, state-run Xinhua news agency said.
The citys employment insurance, job-related injury insurance and pension would also go up, the agency said quoting Beijing News.
Chinas inflation rate reached 7.7 per cent in May, dropping from 8.5 per cent reported a month earlier which was near a 12-year monthly high of 8.7 per cent recorded in February this year, despite tight monetary policy and other measures to tame the price rise.
About 45 per cent of the people polled in a central bank nationwide survey in June still said the prices were "unacceptably high".
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