Friday, 12 September 2008

300% Pay Hike for President: Sixth Pay Commission

There comes the big one. Now that all the government workers pay hike has been shooting up the skies, the government was forced to raise the salaries of the top ranked officials of the Indian Government.
Pensioners Pension Sixth Pay Commission

As per the news, The President of India has been given 300% pay hike. President Pratibha Patil who received Rs 50000 salary will now get an astronomical Rs 150000 as her monthly salary. On one hand, the Central Government pensioners have been voicing their anger against disparities in the 6th Pay Commission recommendation as well as actual notification issued by central government and the top brass official have been given a 300% hike. Reference: Wikipedia on Sixth Pay Commission

The news about President Salary Hike has been making waves on various news channels.

The Vice President and governors have also been given hefty hikes. Now Vice President of India Hamid Ansari will receive a monthly salary of Rupees 125000 while governors will get a monthly paycheck of rupees 110000.

The decision was taken in a meeting of cabinet committee on economic affairs and was chaired by none other than Prime Minister Dr Manmohan Singh.

The hefty pay hike in the salary of president, vice president and governors come shortly after approximately 25 percent pay hike of central government employees.

The wage hike of central government employees would increase the financial implication for the Centre by Rs 17,798 crore annually and the arrears with effect from January 2006 would cost Rs 29,373 crore, Information and Broadcasting Minister P R Dasmunsi told reporters after the Cabinet meeting. The financial implication of Pay Commission on the General Budget would be Rs 15,717 crore and Rs 6414 crore on Railway Budget in 2008-09. The government’s present salary bill is over Rs 70,000 crore and the pension bill is over Rs 30,000 crore.

Last month the Union Cabinet gave its approval for implementation of the recommendations of the Sixth Central Pay Commission. The revised pay scales will come into effect from 1/1/2006 and revised rates of allowances from 1/9/2008. The Cabinet has also decided that arrears will be paid in cash in two instalments – first instalment of 40% during the current year (2008-09) and the remaining 60% in the next financial year (2009-10).

Link: Sixth Pay Commission: Income Tax on Pay Arrears

Link: Risk Allowance Withdrawn: Life Insurance offered in place of Risk Allowance

New Pay Band of Defence Force Officers: Sixth Pay Commission

State Wise Salary Hike details are covered in the links of the article: State Wise Salary Hike Details of Sixth Pay Commission. Please refer to the article and click on your respective state wise link for news and other information.

Link To: Dearness Allowance: Sixth Central Pay Commission Recommendation

Link To: Revised Pay Scales, New Pay Bands Finalized by the Government

Link To: Sixth Pay Commission: Perks, Arrears, Increments & Key Points

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