India, June 4 -- In a significant relief to Maharashtra State Road Transport Corporation (MSRTC) employees, deputy chief minister Eknath Shinde on Tuesday announced a 7% hike in Dearness Allowance (DA), raising it from 46% to 53%. The revised DA will come into effect from June 2025 and is expected to benefit nearly 87,000 employees of the state-run transport undertaking.
Dearness Allowance is a cost-of-living adjustment paid to government employees and pensioners to help offset inflation. It is calculated as a percentage of the basic salary and revised periodically based on changes in the Consumer Price Index.
The announcement came after a high-level meeting chaired by Shinde and newly appointed Transport Minister Pratap Sarnaik. The me...
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