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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Goverment approves Sixth Pay commission recommendation

Cabinet approves Sixth Pay Commission report

Highlights -
very good news for bureaucrats and military personnel. More than 5 million central government employees will get an average salary hike of 21per cent as per NDTV report.

Lowest emolument of government employee more than Rs 10,000

Hike will be effective from January 2006cost the tax payer to pay is 22 thousand crore rupees, about 4 thousand crores more.

Employees will get 40 per cent of the hike this year and the rest 60 per cent the next year

During Independence Day you get full details.

Sixth Pay Commission Report may likely approved on 15 August 2008

Sixth Pay Commission Report may likely approved on 15 August 2008

( Many news sources suggests that before 15 August 2008, sixth pay commision going to approve, and declared on 15 August 2008)

A new pay scale may also come for armed forces.
DoPT may put up file for approval on 13-14 August, 2008
see link

6th Pay Commission

People are eagerly waiting for sixth pay commission implementation, but no reports arrive yet.
Many news related to sixth pay (its bad/good effects) only we can see.
See another one latest news of 6th pay commission - click
Jist of this is following -
Fiscal situation may hit 6th Pay Commission
The recommendation of sixth pay commission would cost Rs 12,561 crores in the year 2008-09, but the pay panel have suggested some measures, which would have saved Rs 4,586 crore in the year 2008-09, and hence burden on government exchequer on account of the pay panel hike of 28 per cent salary would cost Rs 7,975 crore (Rs 12,561 crore-Rs 4,586 crore = Rs 7,975 crore) in 2008-09. Apart from that arrear payment from January01, 2006, would have additionally cost Rs 18,060 crore as one time burden. So total burden on government exchequer in the year 2008-09, would have been Rs 26,035 crore (ie Rs 7,975crore+Rs 18,060 crore = Rs 26,035 crore).