The Tamil Nadu government has announced a significant increase in the Dearness Allowance (DA) for state government employees and pensioners, effective from July 1, 2024. This 3% hike, raising the DA from 50% to 53%, comes as part of the government’s efforts to mitigate the impact of inflation and the rising cost of living.
Key Details:
- Beneficiaries: Over 1.6 million government employees, teachers, and pensioners will benefit from this increase.
- Financial Impact: The state government will incur an additional expenditure of approximately ₹1,931 crore annually.
- Gratuity Relief: This increase will also enhance the financial benefits received by pensioners and employees, providing crucial relief.
This move underscores the government’s commitment to ensuring the financial well-being of its employees amidst economic fluctuations.
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