During the festive season, the Modi government gave gifts of Increased Wage Allowance (DA Hike) to central employees, after which many states also opened their state coffers for employees. Now the name of Madhya Pradesh has also been added to this list. The Congress government led by Mohan Yadav gave a Diwali gift of 4% DA salary hike to state employees. After this increase, the wage subsidy they receive has now increased to 50% and employees will receive more wages due to this increase.
The outstanding amount will be paid in four installments
The Madhya Pradesh government on Monday announced Diwali gifts to state employees and increased the allowance (DA) received by them by 4%. The increase in DA will be effective from January 1, 2024. So far, the employee wage subsidy has been 46%, and this time the subsidy has been increased to 50%. At the same time, the government also made it clear that the arrears of state government employees will also be paid in four equal installments during this fiscal year (2024-25 fiscal year).
CM Mohan Yadav congratulated employees
Chief Minister Mohan Yadav while congratulating them on Diwali by giving Diwali gift ‘DA Hike’ to the employees said that the state government has decided to increase the allowances of all official employees. I congratulate everyone. The felicitations get doubled when Diwali approaches and on this occasion, there is also Madhya Pradesh Foundation Day. Let us tell you that the upcoming 1st November is also the foundation day of Madhya Pradesh. The state was established in 1956.
Calculation of this salary increase
Now let’s talk about how much will employees’ wages increase after the government increases the living allowance by 4%? So according to the calculation, if an employee’s basic salary is Rs 55,200, then the salary subsidy he currently receives at the rate of 46% is Rs 25,392. Now that the government has increased it to 50%, the family allowance will increase to Rs 27,600. This means that the salary of employees will increase by Rs 2,208.
More than 700,000 employees benefited
Dearness allowance plays an important role in an employee’s salary. In this case, their salary will increase after the latest raise. This decision by the Mohan Yadav government will benefit more than 700,000 employees in Madhya Pradesh. We tell you that recently the central government also announced to increase the DA of central staff by 3%. Since then, many state governments have also given a big gift before Diwali by increasing the allowances of their employees.
