Holi gift? Pay Panel for 42% hike in Central staff salaries
The festive season this weekend will bring extra cheer to 55 lakh Central government employees as the Sixth Pay Commission is likely to recommend an increase of up to 42% in their salaries and pensions when it submits its report on Thursday.
While the number of salary grades will be pruned to 18 from the existing 33, the basic salary proposed is 35 to 42% higher than what each employee currently gets, inclusive of dearness pay and dearness allowance.
The house rent allowance will become city specific with those living in metros getting the full 30% of the basic salary. But for other towns, the HRA could be capped at 15% of the basic salary.
The commission is also expected to recommend the delinking of pay from post so that an employee would get higher scale at fixed time intervals. That is,he need not await his promotion to become eligible for the next salary grade.
To read the full article, click here..
To read the ePaper, visit: http://epaper.indianexpress.com
While the number of salary grades will be pruned to 18 from the existing 33, the basic salary proposed is 35 to 42% higher than what each employee currently gets, inclusive of dearness pay and dearness allowance.
The house rent allowance will become city specific with those living in metros getting the full 30% of the basic salary. But for other towns, the HRA could be capped at 15% of the basic salary.
The commission is also expected to recommend the delinking of pay from post so that an employee would get higher scale at fixed time intervals. That is,he need not await his promotion to become eligible for the next salary grade.
To read the full article, click here..
To read the ePaper, visit: http://epaper.indianexpress.com
Labels: Central government employees, Finance Ministry, HRA, pensions, salaries, Sixth Pay Commission
posted by PressMart Team at
11:03 AM
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