17/05/2023 2:01:29 PM | Source: IANS
Tamil Nadu announces 4% DA hike for government employees
Tamil Nadu Chief Minister M.K. Stalin on Wednesday announced a Dearness Allowance (DA) hike of 4 per cent for government employees with retrospective effect from April 1.
The announcement will benefit 16 lakh government employees, teachers and pensioners.
The hike will cost the exchequer an additional expenditure of Rs 2,366.82 crore.
An official statement said that the Stalin-led DMK government lwas implementing promises given to teachers and government employees even though the state was under debt following the Covid-related dip in revenue earnings and financial crisis in the state that was passed on from the previous regime.
The government in the statement said that the DA hike would be at par with that of the Centre.
Disclaimer:
The content of this article is for informational purposes only and should not be considered financial or investment advice. Investments in financial markets are subject to market risks, and past performance is not indicative of future results. Readers are strongly advised to consult a licensed financial expert or advisor for tailored advice before making any investment decisions. The data and information presented in this article may not be accurate, comprehensive, or up-to-date. Readers should not rely solely on the content of this article for any current or future financial references.
To Read Complete Disclaimer Click Here
Latest News
SELL EURINR MAY @ 96.7 SL 96.9 TGT 96.4-96.2 - Kedi...
Co-living inventory in India to reach 1 million beds...
Daily Derivatives Report By Axis Securities Ltd
Musk?s affordable internet service Starlink inches c...
Daily Technical Outlook by Axis Securities Ltd
Nifty immediate support is at 24200 then 24050 zones...
Market Buzz: Firm inked non-binding deal to supply p...
Coal India surges on inking MoU with AM Green Ammoni...
Nifty Open Interest Put Call ratio rose to 0.97 leve...
Ceinsys Tech soars on bagging work order worth Rs 11...
