Friday, August 29, 2008

Notification on 6th pay commission

6th Pay Commission Notification to be issued on 29th August

The government is all set to issue the notification of the 6th Pay Commission’s Recommendation tomorrow, Friday. This is sure to be a big relief for 5.5 million central government employees who have been anxiously awaiting the notification.

This will not only clear the air but the central government employees will also be in a better position to figure out the details and will know precisely what they are going to get as their final payments. Besides they would be able to know clearly the allowances and other benefits that sixth pay commission awards them.

The final draft that the union cabinet approved on 14th August had been improved upon by the government. Several grouses of different sections of the employees were taken into account, particularly the grouses of army officials were considered and anomalies removed.

The reports point out that the first installment of arrears will be paid to central government employees in September itself giving a much needed relief to hundreds of thousands of central government employees.

The wage hike would increase the financial implication for the Centre by Rs 17,798 crore annually and the arrears with effect from January 2006 would cost Rs 29,373 crore, Information and Broadcasting Minister P R Dasmunsi told reporters after the Cabinet meeting. The financial implication of Pay Commission on the General Budget would be Rs 15,717 crore and Rs 6414 crore on Railway Budget in 2008-09. The government’s present salary bill is over Rs 70,000 crore and the pension bill is over Rs 30,000 crore.

Tags: notification on 6th pay commission,6th Pay Commission Notification

Source: http://hotnspicypage.blogspot.com

No comments: