Bonanza For Babus
It is a windfall for over 45 lakh central government employees. The sixth Pay Commission on Monday submitted its report to the government proposing a substantial increase in salaries and allowances for government employees, while seeking to streamline allowances, pension and medical insurance.
The revised pay scales will be effective respectively from January 1, 2006, while recommendations relating to allowances will be implemented prospectively. Existing rates of most of the allowances have been doubled for both defence and civilian staff.
As per the revised pay scales, minimum monthly salary at entry level would be Rs 6,660 and the maximum of a Cabinet Secretary and Service chiefs would be Rs 90,000. Secretaries will get Rs 80,000.
In a first of its kind, the commission recommended a performance related incentive scheme (PRIS) by which employees will be eligible for pecuniary remuneration over and above their pay. The PRIS will be budget neutral. "A scheme of PRIS (performance related incentive scheme) has been recommended... It should also work as a substitute for bonus, honorarium and overtime allowances," the report said.
To read the full article, click here..
To read the ePaper, visit:http://epaper.hindustantimes.com
The revised pay scales will be effective respectively from January 1, 2006, while recommendations relating to allowances will be implemented prospectively. Existing rates of most of the allowances have been doubled for both defence and civilian staff.
As per the revised pay scales, minimum monthly salary at entry level would be Rs 6,660 and the maximum of a Cabinet Secretary and Service chiefs would be Rs 90,000. Secretaries will get Rs 80,000.
In a first of its kind, the commission recommended a performance related incentive scheme (PRIS) by which employees will be eligible for pecuniary remuneration over and above their pay. The PRIS will be budget neutral. "A scheme of PRIS (performance related incentive scheme) has been recommended... It should also work as a substitute for bonus, honorarium and overtime allowances," the report said.
To read the full article, click here..
To read the ePaper, visit:http://epaper.hindustantimes.com
Labels: bonanza, defence, finance minister, government employees, grade pay, pay hikes, pension, sixth Pay Commission
posted by PressMart Team at
12:38 PM
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