Friday, April 27, 2012

J & K approves 7% D.A. for it's employees

Government Thursday approved release of 7 per cent Dearness Allowance in favour of its employees from January, this year besides according sanction to the constitution of State Planning Board – to function as advisory and recommendatory body so as to help the state government to formulate effective policies in key areas.
It was reliably learnt that the state cabinet, which met here this evening under the chairmanship of Chief Minister Omar Abdullah, approved the release of 7 per cent DA installment in favour of the employees. The issue was not on the agenda of the meeting but a cabinet note was referred by the finance department at the last movement.
It could not be ascertained whether the payment of the DA would be in cash or deposited in GP Fund of the employees.

The Cabinet also gave its nod to release of Cost Living Allowance (COLA) for the period ending June 2010 in favour of State owned Public Sector Employees, creation of Special Purpose Vehicle (SPV) for the International Trade Centre (ITC) at Pampore.
The Cabinet accorded Administrative Approval for construction of residential flats for employees at Pampore.

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