Breaking News! Justice Srikrishna has submitted the much-awaited sixth Pay Commission report to Finance Minister P Chidambaram. According to media reports, Justice B. N. Srikrishna has recommended over 40 percent hike in the basic salary for the government employees at the senior level.
There will be a substantial hike for government employees in other categories as well. The hike may take effect from the earlier date of January 01, 2006. That means, all government employees will get huge bonanza in terms of arrears.
While the report suggested that DA (Dearness Allowances) to be hiked to 14% of basic pay, HRA in Mumbai, Delhi will remain unchanged at 30% of the basic salary. The government has also decided to merge 50 per cent of the Dearness Allowances (DA) in the basic pay of its employees. The Pay Commission report will benefit 55 lakh Central Government employee, which might the cost the government Rs.13,000 - Rs. 16,000 crore per annum. The commission was set up by government in 2006.
We just received the latest update on some of the important recommendations in the sixth Pay Commission report.
Here are those key features:
1) Lowest Scale - Rs. 6,600/
2) Education Allowances for employees having two children - Rs. 1,000/ (Earlier, it was Rs. 100/)
3) Highest Salary - Rs. 90,000/ (Cabinet Secretary)
4) National Holidays - 3
5) Gazetted Holidays to be cancelled
6) Pay hike will be implemented from January 01, 2006
7) Maternity Leaves: 6 Months
8) Employees living in A-1 Cities - 30% HRA (Unchanged)
9) Employees living in A, B, B-1 Cities - 20% HRA
10) Incentive Schemes will be announced
11) New Medical Insurance Scheme to be launched for government employees
12) Market-driven pay for scientists and all other jobs that require professional skill set.
13) Total number of grades to be reduced from 30 to 20.
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