0
Vote It
Govt staff may get a 25% pay hike says Economic Times
February 29th, 2008 · No Comments
In its News the Economic Times writes “Assuming that the Pay Commis-sion report is implemented by August this year (once it is submitted in March), the government will have to account for arrears with effect from January 1, 2006.
The pay hikes could also trigger revisions in pay scales for other sec-tors like school teachers and universities. The changes in pay scales of these categories will, however, not reflect in the Budget outlays as it would be provided through grants.
Add to this state governments’ li-ability, which will be about Rs 21,285 crore, roughly one and a half times the size of central government’s liability. While state govern-ments are not liable to adopt the recommendations, pressure will be on them to factor in similar increases for their employees.”
Related news, 25 most recent articles
- Apple’s iPhone makes headway in corporate market
- Gold falls to Rs 11,674
- Auto firms start defaulting
- Losing streak continues; Nifty ends below 2800
- SC, HC judges’ pay hike unlikely before next House sitting
- China opens up archive of 1962 war time
- Home loan rates likely to come down
- No kidding: 20 test-tube babies in one day
- Anxiety feeding market instability - Bush
- From half-marathon to F1 roadshow, Delhi rocked on Sunday
- 20-year VAT- free run for Nano ?
- It’s worst ever October in 29 years for markets
- Slowdown: Between hope and despair
- Markets cheer IIP data, IT & power climb
- Sony Ericsson J120i Review at Your Mobile Phone
- Dutch prepare to pump $12bn into ING
- Book us for sedition: VHP leader challenges Modi
- Reliance Retail lays off 1200 staff
- Right time for NRIs to invest in India: Federal Bank
- Cement companies feel input cost heat
- GDP growth to slow down to 7-7.5%: PM
- Rupee steady at 49.00/49.01 against a dollar
- ArcelorMittal approaches West Bengal govt for land
- Kingfisher, Jet Airways announce alliance
- Professors, lecturers get hefty pay hike under 6th Pay Commission
Tags: Indian budget
0 responses so far ↓
Contribute Your Comments below...
Contribute Your Comment on Govt staff may get a 25% pay hike says Economic Times