On Monday, Kerala Finance Minister KN Balagopal, while presenting the budget for the financial year 2024-25, has announced an increase in dearness allowance while giving a gift to the employees and pensioners.
He announced that the benefit of increased dearness allowance will be given to government employees and pension holders from April 2024.
Kerala Government Employee DA Hike: There is good news for the government employees of Kerala. Before Holi, the Pinarayi Vijayan government of the state has given a big gift to its employees and pensioners. The state government has announced to give Dearness Allowance to employees and pensioners. Its one installment will be given in April 2024.
Finance Minister announced to increase DA
In fact, on Monday, Kerala Finance Minister KN Balagopal presented the budget for the financial year 2024-25 in which he has announced to increase dearness allowance. An installment of increased DA to government employees and pension holders will be given in April, 2024. Let us tell you that the employees and pensioners of the state were demanding to increase DA for a long time, which the government has now fulfilled.
Government will bring pension scheme
Presenting the state budget for the financial year 2024-25, Finance Minister Balagopal said that the state government is also preparing to bring a Guaranteed Pension Scheme for the employees in the future, along with the existing pension system. A review will be done, although no increase has been made in the Social Security Pension.
Know what is dearness allowance
- The allowance given to government employees to run their lives smoothly due to rising inflation in the country is called Dearness Allowance. Apart from government employees, this benefit is also given to pensioners.
- Its calculation is done every 6 months according to the current inflation rate. However, dearness allowance may differ for employees in urban, semi-urban or rural areas.