Thursday, August 14, 2008

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.

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