As per the statement, the rate of LTA for married persons has been increased from Rs 1500 to Rs 3000, while that of unmarried employees has gone up to Rs 1500 from the previous rate of Rs 750. Further, it was stated that the new rates would be applicable with a retrospective effect from 2016, and those who had already received the LTA in 2016 as per the old rates would receive the balance amount, as a result of the new agreement, within June 30, 2018.