This budget is going to bring happiness for the government employees because the government is going to announce to give DA money of 18 months in 8 installments and this money will start coming into the accounts soon.
If there is a government employee in your home or family or you yourself are in a government job, then this news will make you happy. Yes, the government has taken such a decision in the interest of the employees that you will be happy to dance. For a long time, there is a demand for 18 months’ outstanding arrears from the government employees. Now the government has come and approved it. After this approval, this money will come in eight installments in the account of the employees.
DA hike will be announced in March 2023
Let us tell you that this time DA and DR is expected to be announced in March 2023 for about one crore central employees and pensioners. It will be implemented from January 1. Meanwhile, DA and DR are also being announced for employees and pensioners by different state governments. Now an announcement has been made by the Government of Telangana regarding the outstanding DA and DR.
DA increased to 20.2%
The DA and DA of employees and pensioners have been increased by 2.73% by the Government of Telangana. After this increase, the DA of the employees has increased from 17.29% to 20.2%. State Finance Minister Harish Rao told that this increase will be implemented from July 1, 2021. This money will be deposited in the GPF account of the employees in 8 installments.
Who will get benefit
The benefit of the outstanding DA arrears from the government will be given only to the employees who retire on May 31, 2023. Such employees are exempted from making any contribution to General Provident Fund (GPF) in the last 4 months of service. The Finance Minister said that this decision of the government will benefit 4.4 lakh employees and 2.28 lakh pensioners.
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