Maha 6th Pay Commission, President of India given 300% pay hike

Maha 6th Pay Commission, President of India given 300% pay hike

By Khabrein.Info News Desk,

New Delhi, Sept 11, 2008: Call it maha 6th Pay Commission. The President of India has been given 300% pay hike. President Pratibha Patil who received Rs 50000 salary will now get an astronomical Rs 150000 as her monthly salary.

The Vice President and governors have also been given hefty hikes. Now Vice President of India Hamid Ansari will receive a monthly salary of Rupees 125000 while governors will get a monthly paycheck of rupees 110000.

The decision was taken in a meeting of cabinet committee on economic affairs and was chaired by none other than Prime Minister Dr Manmohan Singh.

The hefty pay hike in the salary of president, vice president and governors come shortly after approximately 25 percent pay hike of central government employees.

The wage hike of central government employees 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.

Last month the Union Cabinet gave its approval for implementation of the recommendations of the Sixth Central Pay Commission. The revised pay scales will come into effect from 1/1/2006 and revised rates of allowances from 1/9/2008. The Cabinet has also decided that arrears will be paid in cash in two instalments – first instalment of 40% during the current year (2008-09) and the remaining 60% in the next financial year (2009-10).

The minimum Basic Pay for a Government servant has been increased to Rs.7000 from Rs.6660 recommended by the Sixth CPC. Consequently, the total emoluments of an employee at the lowest level will exceed Rs.10,000 p.m., including allowances.

Almost everything that the President does or wants to do is taken care of by the annual Rs 22.5-crore budget that the Government allots for his upkeep.


Source: http://www.khabrein.info/