JK Government Plans DA Hike for Employees and Pensioners

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Asif Iqbal | April 20, 2024 | 09:52 AM IST | Jammu Kashmir | Follow on Google News

JK Government Plans DA Hike for Employees and Pensioners

JK Government Plans DA Hike for Employees and Pensioners

The General Administration Department of Jammu and Kashmir is pushing for a boost in the welfare of government employees, pensioners, and family pensioners by proposing an increase in the Dearness Allowance (DA) rates. Addressed to the Chief Electoral Officer, the proposal suggests raising the current DA rates from 46% to 50% of basic pay or pension, effective from January 1, 2024.

This initiative is based on a Finance Department memorandum that aligns with the decision to elevate the DA rates for central government employees from 46% to 50%, as per the Office Memorandum No.1/1/2024-E-II(B) dated March 12, 2024, from the Department of Expenditure, Ministry of Finance, Government of India.

The Budget Division of the Finance Department estimates that this adjustment will increase the monthly basic pay by around Rs 52.24 crore, translating to an annual rise of Rs 626.88 crore.

This proposal follows a previous DA rate hike on July 1, 2023, which increased rates from 42% to 46%. Given the urgency of the matter, the department has stressed the importance of swift action, urging all involved parties to prioritize the issue as “MOST URGENT.”

Asif Iqbal

Asif Iqbal is a seasoned news writer with a passion for delivering the latest updates to the public. Currently serving as the senior writer at VoM News, a prominent news outlet known for its comprehensive coverage of diverse topics, Asif has established himself as a reliable source of information. With a keen eye for detail and a knack for storytelling, he consistently provides readers with well-crafted articles that cover a wide range of news categories. His dedication to journalistic integrity and his commitment to staying ahead of the news curve make him an invaluable asset to Vom News, ensuring that readers are always well-informed on the issues that matter most. You can find his work and stay updated on current events by visiting vomnews.in.