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Bonanza on State Formation Day : DA dose for TS staff
It is good news for the state government employees on Telangana Formation Day on Sunday (June 2).
Hyderabad: It is good news for the state government employees on Telangana Formation Day on Sunday (June 2).
Chief Minister K Chandrashekhar Rao on Saturday announced the increase in DA (Dearness Allowances) by 3.144 per cent from the present 27.248 per cent of the basic pay of all government servants.
The hiked DA of 30.392 per cent will be applicable from July 2018. Principal Secretary to Finance K Ramakrishna Rao said the revised DA will be paid with the salary of June payable on July 1.
The arrears on account of revision of the DA from July last year to May 2019 will be credited to the General Provident Fund (GPF) account of the respective employees.
In the case of employees who are due to retire on or before September 30 this year, the arrears of the DA will be paid in cash as they are exempted from making any subscription to the GPF during the last four months of service.
The increase of DA will put nearly Rs 100 crore burden every year on the state exchequer.
