DelhiDesk The government of Tamil Nadu has approved a 4% hike in the dearness allowance (DA) for state government employees, teachers, pensioners, and family pensioners. This decision will benefit around 16 lakh families, and the increase will be applicable with retrospective effect from April 1, 2023. The DA has been increased from 38% to 42%, and it means additional monetary help is given to balance or adjust the decline in the economic condition of employees due to inflation. The government’s decision will put an additional burden of Rs 2,366.82 crore annually on the exchequer.
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Here is the news bullets sorted by DelhiBreakings.com team.
👉 Dearness Allowance (DA) for government employees and pensioners increased by about 4 percent
👉 Tamil Nadu Chief Minister MK Stalin approved a 4 percent hike in DA for state government employees
👉 This decision will benefit 16 lakh government employees, teachers, pensioners, and family pensioners
👉 DA has been increased from 38 percent to 42 percent
👉 The increase will be applicable retrospectively from April 1, 2023
👉 DA is given as additional monetary help to balance or adjust the decline in economic conditions due to inflation
👉 DA is a fixed percentage of the employee’s basic salary and is announced every six months
👉 The help of consumer price index is taken to decide the percentage increase in DA.
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