JAMMU: The employees of J&K State Road Transport Corporation will be provided 20 per cent Dearness Allowance prospectively. This decision was taken in the 70th Board of Directors Meeting of the Corporation here today.
The instalment of DA was released prospectively keeping in view the encouraging revenue generation by the Corporation during last fiscal.
Reviewing the performance of the Corporation, it was informed that the Corporation has earned revenue of Rs. 83.43 crore during 2011-12 against Rs. 55. 26 crore earned in 2010-11 thereby registering growth of 51 per cent.
The meeting also adopted Sixth Pay Commission scales with effect from April 1st, 2012 without paying D.A to the employees so far.
The meeting also adopted Group gratuity Scheme for the employees of the Corporation through LIC of India, compassionate appointment in favour of dependents of J&K SRTC employees who died in harness on case to case basis and execution of works for providing better amenities to the convenience of both general public, tourists and its employees at various locations in the State.
The Board appreciated the liquidation of accumulated liabilities of the corporation by Rs 33.45 crore during 2011-12 and 2012-13.
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