Indian Railway Employees: Sixth Pay Commission Pay hike after budget

As we had reported in our previous article New Pay Band of Indian Railway Employees: Sixth Pay Commission. Now, the news is getting hotter in expectations for the Railway Budget, which is slated to come out on July 8th 2009. The new Railways Minister Mamta Banerjee will be presenting the budget.

How much amount of money is expected to be included for Sixth Pay Commission Railway Employees Salary Hike?
Around 14,000 Crore Rs. are expected to be included for the Indian Railways employees for their salary hike as per the Sixth Pay Commission.

What are the developments for implementation for New Pay Band of Indian Railway Employees as per Sixth Pay Commission?
The most recent development has been the implementation of Sixth Pay Commission Salary Hike in Tamilnadu TN. Like TMC< DMK is also a close ally of UPA government. Since DMK has gone ahead and implemented the Pay Commission Salary hike in TN, the same is expected from Mamta Banerjee who is expected not leave any stone unturned for the benefit of the Railways employees.

What will be the expected salary hikes for the Indian Railway employees?
The Indian Railway employees can expect a sweet bonanza, if the reports are to be believed.
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. That is a big amount.
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