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J&K govt employees to get additional 2% DA

Press Trust of India  |  Srinagar 

The and administration on Wednesday announced an additional two per cent (DA) for its state government employees and pensioners.

The (SAC), which met here under the chairmanship of Satya Pal Malik, sanctioned the release of an additional installment of 2 per cent DA, with effect from July 1 this year over the existing rate of 7 per cent of the basic pay/pension, an spokesperson said.

The impact on the exchequer would be Rs 118 crore for the current financial year and approximately Rs 177 crore annually, the said.

The enhancement would benefit around 4.50 lakh state government employees and 1.60 lakh pensioners, the added.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, September 12 2018. 20:50 IST