Srinagar
After cabinet met in Srinagar early today on Wednesday, 11 percent of the Dearness Allowance (DA) of the employees has been released.
The allowance will be released in two terms with effect from July 2016 as seven percent and January 2017 as four percent.
“This is a good news for the employees,” said Naeem Akhter while announcing the decision after the Cabinet meet in a press conference in Srinagar. He was flanked by Finance Minister Dr Haseeb Drabu.
The amounts shall be credited in the GPF accounts of employees, the minister said. “Enhancement of DA will also apply to the pensioners and family pensioners,” he said. Other key decisions were also taken in the cabinet meet.
