Recommendation of Sixth Central Pay Commission - Decision of Government relating to the Railway Workers Pay Salary to the Central Government Servants.
The Sixth-Pay Commission report will force the Indian Railways to cough out 6,500 Crore Rupees additionally. The Sixth-Pay Commission New Salary is like a Diwali Gift for the Indian Railway Employees, which will benefit more than 14 lakh Railway workers in the country.
The question is: How will Railways arrange for this 6,500 Crore Rupees? Rs 5,000 crore has already been earmarked in the current Railway Budget, the remaining 1500 Crore will be arranged through provisions. To offset the additional financial burden arising from the pay panel report, the Railways will have to increase its revenue earnings and undertake cost control measures.
How will the arrears payment be made for Indian Railway Employees following the Sixth Pay Commission Recommendations?
According to the arrear payment plan, Railways would make 40 per cent of arrear payment in the current financial year.
Rest 60% of the arrears would be paid in the next fiscal. The government on Friday finalised the notification on the pay panel report. It would cost the exchequer Rs 22,000 crore this year.
It is expected that each Railway employee will take home an average of 21 per cent higher salary next month. So everyone is happy.
The salary increase for Group A officers will be much more than 21 per cent and in cases of some senior Railway Board officials, the hike is almost 50 per cent, said Basudeb Acharya, Chairman of the Parliament Committee on Railways.
However, this hike in salaries will come at a cost to the Railways. Reacting to the pay panel bonanza for employees, Acharya said, "Though there is a hike in employee salary, it would reduce the employment opportunities in Railways."
The report has come out with a recommendation to abolish Group D posts, so there will be no appointment of gangmen in future and maintenance of track now be outsourced.
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
4 comments:
what new grade pay is going to provide for accounts assistant present pay scale is 5500-175-9000, of indian railway's accounts department.
what new grade pay is going to provide for office clerk present pay scale is 6500-200-10500, of indian railway's Electrical department.
Wish you happy day,
krishna chowdhury
I was getting a pay Rs11950 from oct 2005 and Rs11625 from oct 2004 in the scale of Rs 10000-15200. I retired on 31.1.2006. Can any one tell me what will be my new pension?
T.K.Chattopadhyay
Iam at present working as CMS-l in C&M organisation at Baroda in pay scale 9300-34800 Payband 4600 and present basic 26440.I wants to get volientry retirement from 1st december 2009.what will be my pension.And settlemend amount which i can get. HARIBHAI CHAUHAN CHAUHAN
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