Thursday, August 14, 2008

Cabinet Minister Priya Ranjan Dasmunsi told reporters in New Delhi today. The higher pay will cost the government
157 billion rupees ($3.7 billion) in the financial year to March 31, 2009, he said.
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The higher salaries will cost the government 178 billion rupees on an annual basis, Sushma Nath, expenditure
secretary, said in New Delhi.
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salary arrears will cost 294 billion rupees, she said. Indian Railways will pay 64 billion rupees in higher
salaries, the official said.
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Inflation Accelerates
Inflation may hit 14% or more
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Also increased the rate of annual increment from 2.5 per cent to 3 per cent.
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Defence sector, it approved at least three assured promotions for all defence forces personnel and civilian
employees under the modified Assured Career Progression scheme

While civilians would get this after 10, 20 and 30 years of service, defence forces jawans would be promoted under
ACP after 8, 16 and 24 years.

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The hiked salary would be given to the employees beginning September this year and the arrears from January 2006
would be given in cash in two installments -- 40 per cent this fiscal and 60 per cent in 2009-10.

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Another Hightlights -
DIG-scale abolished from IPS and Indian Forest Services
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Uniform 3% raise in basic salary pay per year. A minimum of Rs 500-increase in salary annually within grade scale as per norm
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New salary wages to be effective from 1st January 2006
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Military service pay for employees below the officer rank (POBR) would be Rs 2,000 per month
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Brigadiers having a significant rise in salaries: they move to Pay Band 4 (Rs 39,200-67,000) from the suggested Pay Band 3 (Rs 15,600-39,100)
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6 comments:

Anonymous said...

Gr8 for gov employee
But pvt and inflation is still a bog problem in Gov.
And also performance system should be improve otherwise talanted employee willleft from Gov

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