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Welcome to any grapevine?
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"Tuesday, February 12, 2008
Financial Express estimates 150% hike in pay
A news article of the Financial Express predicts 150% hike in the salary of Government Employee by Sixth Pay Commission.
Fine points of the reports are :
Pay Commission expected to submit its report next week.
Basic salaries are likely to rise by over 150%
Section officers will get a starting basic salary of Rs 20000, while their department heads, joint secretaries, would get a fixed basic salary of Rs 60000 a month.
Secretaries to the government would earn a fixed salary of Rs 75000 a month. A cabinet secretaryâs monthly salary would also be fixed at Rs 80000.
Government officials will continue to retire at 60 years and will now retire on December 31 of the year they reach age 60.
The points seem same as earlier published by Dainik Jagran."
THE FINANCIAL EXPRESS
"Pay panel estimates 150% civil service salary hike
Surabhi, Bipin Chandran
Posted online: Saturday , February 09, 2008 at 0208 hrs IST
New Delhi, Feb 8 Government salaries may literally give India Inc a run for its money, if one of the latest estimates of salary revisions by the Sixth Pay Commission is to be believed. Basic salaries are likely to rise by over 150%. However, the actual payout may be more moderated, as inclusive of all allowances, existing salaries are not far below the new slabs.
Section officers will get a starting basic salary of Rs 20,000, while their department heads, joint secretaries, would get a fixed basic salary of Rs 60,000 a month. Basic pay for section officers currently begins at Rs 8,000 a month.
Secretaries to the government would earn a fixed salary of Rs 75,000 a month. A cabinet secretaryâs monthly salary would also be fixed at Rs 80,000. At each grade, the 5.5 million central government employees would earn an inflation-neutralising dearness allowance (DA) of 6% of basic. The minimum scale for non-executives is likely to be hiked to Rs 6,500 a month, from the present Rs 2,550 a month.
The buzz around the Sixth Pay Commission has grown louder with the panel headed by Justice BN Srikrishna expected to submit its report next week. The good news, however, may just stop here. Contrary to expectations, government officials will continue to retire at 60 years. The plan to increase the retirement age has been shelved, according to the Pay Commission estimates, a copy of which is with FE. The Commission, though, is expected to recommend that officials will now retire on December 31 of the year they reach age 60.
Other allowancesâincluding DA, house rent and travel benefits, linked to basic payâwould also increase. DA would be hiked by 6% retrospectively from January 1, 2007 and 14% from this year, according to this estimate. House rent is proposed to be hiked by 30% of basic for metros, but with a cap of Rs 12,000. While the recommendations are effective from January 1, 2006, arrears would be given only from January 1, 2007."
"Tuesday, February 12, 2008
Financial Express estimates 150% hike in pay
A news article of the Financial Express predicts 150% hike in the salary of Government Employee by Sixth Pay Commission.
Fine points of the reports are :
Pay Commission expected to submit its report next week.
Basic salaries are likely to rise by over 150%
Section officers will get a starting basic salary of Rs 20000, while their department heads, joint secretaries, would get a fixed basic salary of Rs 60000 a month.
Secretaries to the government would earn a fixed salary of Rs 75000 a month. A cabinet secretaryâs monthly salary would also be fixed at Rs 80000.
Government officials will continue to retire at 60 years and will now retire on December 31 of the year they reach age 60.
The points seem same as earlier published by Dainik Jagran."
THE FINANCIAL EXPRESS
"Pay panel estimates 150% civil service salary hike
Surabhi, Bipin Chandran
Posted online: Saturday , February 09, 2008 at 0208 hrs IST
New Delhi, Feb 8 Government salaries may literally give India Inc a run for its money, if one of the latest estimates of salary revisions by the Sixth Pay Commission is to be believed. Basic salaries are likely to rise by over 150%. However, the actual payout may be more moderated, as inclusive of all allowances, existing salaries are not far below the new slabs.
Section officers will get a starting basic salary of Rs 20,000, while their department heads, joint secretaries, would get a fixed basic salary of Rs 60,000 a month. Basic pay for section officers currently begins at Rs 8,000 a month.
Secretaries to the government would earn a fixed salary of Rs 75,000 a month. A cabinet secretaryâs monthly salary would also be fixed at Rs 80,000. At each grade, the 5.5 million central government employees would earn an inflation-neutralising dearness allowance (DA) of 6% of basic. The minimum scale for non-executives is likely to be hiked to Rs 6,500 a month, from the present Rs 2,550 a month.
The buzz around the Sixth Pay Commission has grown louder with the panel headed by Justice BN Srikrishna expected to submit its report next week. The good news, however, may just stop here. Contrary to expectations, government officials will continue to retire at 60 years. The plan to increase the retirement age has been shelved, according to the Pay Commission estimates, a copy of which is with FE. The Commission, though, is expected to recommend that officials will now retire on December 31 of the year they reach age 60.
Other allowancesâincluding DA, house rent and travel benefits, linked to basic payâwould also increase. DA would be hiked by 6% retrospectively from January 1, 2007 and 14% from this year, according to this estimate. House rent is proposed to be hiked by 30% of basic for metros, but with a cap of Rs 12,000. While the recommendations are effective from January 1, 2006, arrears would be given only from January 1, 2007."
what is the latest news on central 6th pay commission?
asif
Answer
Sixth Pay Commission will submit its report on 31st March 2008 .
Chiddu said it in the Budget Speech.
Sixth Pay Commission will submit its report on 31st March 2008 .
Chiddu said it in the Budget Speech.
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