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news details
9 months on, Jammu business fraternity suffers silently, trying its best to keep staff intact
COVID-19 outbreak leads to Govts of 5 States to announce salary cut for its employees
4/4/2020 12:19:31 AM
Early Times Report

Jammu, Apr 3: Five States have announced salary cuts for their employees in wake of the economic crisis triggered by the outbreak of COVID-19.
Maharashtra has announced that salary of Chief Minister, cabinet ministers, MLAs, MLCs and representatives of local governing bodies will be cut by 60% in March. The salaries of class I and II officers will be cut by 50% and salaries of class-III employees will be cut by 25%.
Similarly Telangana has cut the salaries of its employees and pensions from 10% to 75%.
Rajasthan government has announced that salaries between 1 to 5 days will be cut of all the employees for providing relief to the COVID-19 victims. Odhisha and Andhra Pradesh have deferred the salaries of the government employees for the March month.
The COVID-19 has turned into a full blown economic crisis across the country leaving the state governments with no other option other than to go for pay cut of its employees. An analyst while talking to Early Times said, “Jammu has been facing uncertainty since August last year.
Soon after the Centre abrogated the Article 370 and divided the erstwhile State into two Union Territories, economic activities came to a grinding halt. The business community of Jammu especially industrialists have been the worst hit.”
He said that businessmen are suffering silently and have tried their best to ensure that their employees don’t suffer. “Just within few days governments of five states have been brought on their knees. Imagine the plight of the businessmen of Jammu region who have suffered immense losses during the past eight months due to the uncertainty that prevailed,” the analyst added.
It’s in place to mention here that soon after outbreak of COVID-19 in the country government asked the private companies not to sack their employees.
Another analyst said, “The uncertainty has been looming large in the Jammu region since August 2019 as the local industries suffered a jolt due to their payments getting stuck with the traders in Kashmir for months and demand for their goods declining.”
He said, “There was a possibility about things becoming better for the businessmen this season but the COVID-19 has hit them hard. Most of the businessmen are worried about how they are going to pay their staff and manage other expenses.
State governments just within a few days have cut the salaries of their employees. One can imagine the options which the business fraternity especially in Jammu region is left with.”
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