7th Pay Commission: Tamil Nadu Govt Likely to Announce 4% DA Hike For Its Employees Ahead of Diwali, Says Report
Tamil Nadu government employees are set to receive a financial boost this Diwali, as reports suggest the state government is planning to announce a special festival bonus along with a second hike in the Dearness Allowance (DA). This comes as a double dose of good news, bringing festive relief to employees.
Chennai, September 28: Tamil Nadu government employees are set to receive a financial boost this Diwali, as reports suggest the state government is planning to announce a special festival bonus along with a second hike in the Dearness Allowance (DA). This comes as a double dose of good news, bringing festive relief to employees.
The central government recently increased DA by 3% on 7th pay commission recommendations and Tamil Nadu is expected to follow suit, raising the total DA to 53%, effective from July 1. 7th Pay Commission Update: Uttar Pradesh Government Likely To Announce 4% DA Hike for Its Employees Before Centre, Says Report.
In addition, the state government may announce a double bonus for its employees. Last year, non-gazetted employees received a Rs 7,000 bonus, and a higher amount is anticipated this year. However, the proposed DA hike is likely to add a financial burden of Rs 3,000 crore on the state's budget. Further announcements are expected soon, heightening anticipation among state employees. 7th Pay Commission Update: Central Government Likely to Announce 4% DA Hike For Employees Soon, Check Details.
Meanwhile, the Central Government has revised the Variable Dearness Allowance (VDA) for unorganized sector workers, increasing minimum wage rates. This revision, effective from October 1, 2024, benefits workers in industries such as construction, mining, agriculture, and housekeeping. The new wage structure varies by skill level and geographical area, with unskilled workers in Area “A” earning Rs 783 per day, semi-skilled workers receiving Rs 868, and skilled workers paid Rs 954 per day. Highly skilled workers will now earn Rs 1,035 per day.
This VDA revision is part of the Central Government’s policy to adjust wages based on the Consumer Price Index twice annually, in April and October.
(The above story first appeared on LatestLY on Sep 28, 2024 03:29 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).