Highlights:
Pay revision with effect from January 1, 2006.
Arrears to be paid in two installments -- 40 per cent this fiscal and 60 per cent in the next financial year, said Information and Broadcasting Minister P R Dasmunsi.
Minimum entry level pay raised to Rs 7,000 from Rs 6,660 per month recommended by the Commission.
Financial implication of Pay Commission on General Budget would be Rs 15,700 crore (Rs 157 billion) and Rs 6400 crore (Rs 64 billion) on the Railway Budget in 2008-09.
Average increase in pay is 21 per cent, said expenditure secretary Sushma Nath
Highlights:Pay revision
Labels: Pay Commission
