DA Arrears: The government’s good news ahead of Holi for government employees has come in the form of announcing a dearness allowance hike plus 7 months DA arrears. This will work for the benefit of thousands of government employees and their families. This is a good relief step in this inflationary period to help the employees meet their expenses. The government even tried to make the festival of Holi even merrier by announcing this decision.
12% Increase In DA
Maharashtra government has announced a 12 percent increase in the dearness allowance for employees. The increase will take effect from April 1, 2024, which means the employees will also be entitled to arrears from July 1, 2024 to January 31, 2025. Earlier, the dearness allowance was 443 percent of the basic salary on which now it is 455 percent. This increased dearness allowance will be given to the employees with the salary of February 2025. This increase will significantly increase the monthly income of the employees, which will make it easier for them to face inflation.
For 7 Months, The DA Arrears Will Be Provided.
This means that with this decision, the employees will also get the DA arrears of the last 7 months-the period from 1 July 2024 to 31 January 2025 will be given together to the employees. This amount will be added to the salary of the employees of February 2025. This amount will be quite helpful to the employees for managing their expenses and fortifying their financial state. This extra amount becomes of great importance to employees during festivals like Holi.
17 Lakh Employees Will Benefit
This Maharashtra government’s decision is going to benefit approximately 17 lakh state government employees directly. This also includes employees coming under Zila Parishad as well as grant-in-aid institutions as the benefit also extends to these employees for enhanced DA. Decision implementing such a large part of employees will undoubtedly boost the economy. Increased purchasing power of these employees would boost their demand in the market and trigger demand in the economy.
Provision Made In The Budget
The government has already made provision for this expenditure in the budget under which this amount will be met. This amount is already fixed in the head of salaries and allowances of government employees, thus it will not create any additional financial burden on the government. This indicates how the government is actually keen for the welfare of its employees and is taking steps further to strengthen their financial position.
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