Today, sixth pay commission submitted its much awaited final report to FM. 40 % pay hike is recommended by sixth pay commission to finance minister.
Justice B. N. Srikrishna has recommended over 40 percent hike in the basic salary for the government employees at the senior level.
There will be a substantial hike for government employees in other categories as well.
While the report suggested that DA (Dearness Allowances) to be hiked to 14% of basic pay, HRA in Mumbai, Delhi will remain unchanged at 30% of the basic salary. The government has also decided to merge 50 per cent of the Dearness Allowances (DA) in the basic pay of its employees. The Pay Commission report will benefit 55 lakh Central Government employee, which might the cost the government Rs.13,000 - Rs. 16,000 crore per annum. The commission was set up by government in 2006.
Here is the some details of sixth pay commission report
1) Lowest Salary - Rs. 6,600/
2) Education Allowances for employees having two children - Rs. 1,000/ (Earlier, it was Rs. 100/)
3) Highest Salary - Rs. 90,000/ (Cabinet Secretary)
4) National Holidays - 3
5) Gazetted Holidays to be canceled
6) Pay hike will be implemented from January 01, 2006
7) Maternity Leaves: 6 Months
8) Employees living in A-1 Cities - 30% HRA (Unchanged)
9) Employees living in A, B, B-1 Cities - 20% HRA
10) Incentive Schemes will be announced
11) New Medical Insurance Scheme to be launched for government employees
12) Market-driven pay for scientists and all other jobs that require professional skill set.
13) Total number of grades to be reduced from 30 to 20.
Showing posts with label report. Show all posts
Showing posts with label report. Show all posts
Monday, March 24, 2008
Here is the final report subbmitted to Finance Minister
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