The 6th Pay Commission report has been submitted to Finance Minister this morning which is expected to bring festive time for the central government employees as they are expected to receive a hefty hike in pay packets.
The Commission, headed by justice B N Srikrishna is expected to have recommended a hike of up to 52% with higher housing rent and transport allowances for the central government employees, Defence and Para-Military staff.
With general elections round the corner, the government is likely to accept the recommendations without any cut. The hike is likely to be effective from 1st January, 2006 as per the prevailing practice.
The commission after submitting the report has said that something good for the people of India is in store.
The across-the-board hike could be paler compared to the pay commission’s fifth edition (1997), the best bounty so far, as the proposed quantum of hike now is a few percentage points (just around 0.40) lower. But the good news is that a government employee could, sources said, now look forward to higher annual increments, besides the regular addition of DA, which is now an annual average of 12%.
There is, however, the possibility of a fresh rationalisation of DA rates (decided on the basis of consumer price index) because of the upward scaling of salaries.
The sources reveal that the average increase in basic fair pay for all government employees will be in the region of 40-45%. This is a very rough average because for senior level officers, like the Cabinet Secretary or officials at the secretary level, the payback could increase by more than 50%.
The secretaries to the Government of India could draw anything between Rs 75,000-80,000 per month. The Cabinet Secretary could draw something like Rs 85,000-90,000 per month. Even junior level officers could start of at Rs 15,000-20,000 per month.
So, this is obviously a huge bonanza which translates to roughly Rs 13,000-15,000 crore. However, the report is yet to be made public. The Finance Minister might release a summary of the report or brief the media later in the day.
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