Cabinet approves Sixth Pay Commission report
August 14, 2008 – 2:28 pmAs the country gets ready to celebrate Independence Day, there’s very good news for bureaucrats and military personnel.
A pay hike over and above what was suggested in April has been cleared by the Union Cabinet.
More than 5 million central government employees will get an average salary hike of 21per cent.
The minimum basic pay will now be Rs 7000 and the lowest emolument of government employee more than Rs 10,000.
In all it will cost the tax payer 22 thousand crore rupees, about 4 thousand crores more.
And the hike will be effective from January 2006 which means government employees will get a large chunk of arrears, incidentally just ahead of elections.
The employees will get 40 per cent of the hike this year and the rest 60 per cent the next year.
The Prime Minister Manmohan Singh will announce details during his Independence Day speech.
source:http://www.ndtv.com/convergence/ndtv/story.aspx?id=NEWEN20080061501