DelhiDesk The Tamil Nadu government has approved a 4% increase in Dearness Allowance (DA) for state government employees, which will benefit around 16 lakh families. The increase will be applicable retrospectively from April 1, 2023, and will put an additional burden of Rs 2,366.82 crore on the exchequer annually. DA is a form of additional monetary help given to employees to adjust to the decline in the economic condition due to inflation. It is given as a fixed percentage of the basic salary of the employee. Normally, the government announces an increase in DA every six months based on the consumer price index.
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👉 Dearness Allowance Hike:
– Tamil Nadu government approves 4% hike in Dearness Allowance (DA) for state government employees.
– This step will benefit 16 lakh government employees, teachers, pensioners, and family pensioners.
– DA has been increased from 38% to 42% and will have retrospective effect from April 1, 2023.
– The increase will put an additional burden of Rs 2,366.82 crore on the exchequer annually.
– DA is given to balance or adjust the decline in the economic condition of the employees due to inflation.
– Normally, the government announces an increase in the DA of the employees every six months.
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