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Sunday, March 2, 2008

Additional revenue or overdraw for CPC implementation

On the issue of not leaving a provision for hikes in salaries following the Sixth Pay Commission’s recommendations, Mr. Chidambaram pointed out that he had already provided for the normal increase that are to accrue to government servants in 2008-09. “It is the increment that has to be provided for. And for that, either I can depend on additional revenue or I have to overdraw.”
Source : http://www.hindu.com/2008/03/02/stories/2008030256740100.htm