Ladakh Employees Receive 4% Increase in Severance Allowance ReadingS

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The Union Territory of Ladakh has officially approved a 4% increase in Valuation Allowance (DA) for its employees and pensioners.

As per the Ministry of Finance’s directive issued on Tuesday, this decision is in line with the Ministry of Finance’s OM No.1/4/2023-E-II(B) dated October 20, 2023, Department of Expenditure, Government of India. On July 1, 2023, Valuable Allowance for Ladakh UT employees will increase to 46% from the prevailing rate of 42% of their basic salary.

It is important to note that the determination of ‘basic pay’ will follow the recommendations of the 7th Pay Commission and exclude any additional ‘special pay’ received by the employee.

news source (www.thekashmirmonitor.net)

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