Mootv Odisha Desk :
The Union Cabinet on Wednesday approved a 3 per cent Dearness Allowance (DA) hike. The central government was expected to announce a hike in the dearness allowance (DA) and dearness relief (DR) for government employees.
The Union Cabinet has increased the dearness allowance for central government employees by 3 percent. The dearness allowance for central government employees will rise from 50 percent to 53 percent of the basic pay.
The Odisha government has approved a 4% rise in dearness allowance (DA) for workers of State Public Sector Undertakings (PSUs) who are receiving salaries based on the Revised Scale of Pay, 2017.
This increment, which elevates the DA from 46% to 50%, will come into effect from January 1, 2024. An official memorandum was issued by the Public Enterprises Department of the Odisha Government, specifying the conditions under which the additional DA will be granted.
As per the memorandum, the increase will be applicable only to PSUs that fulfill specific financial and governance criteria, ensuring that only profitable entities and those with strong fiscal management will qualify for the increased DA.
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Finance Minister Nirmala Sitharaman had talked about adjusting the TDS and TCS deducted from the salary.