Monday, March 24, 2008

Finaly : Sixth Pay Panel submits report to govt.

New Delhi (PTI): The Sixth Pay Commission on Monday submitted its report to the government presumably recommending a 40 per cent hike in salary for the Central Government employees.

The commission, headed by Justice B N Srikrishna, submitted its report to Finance Minister P Chidambaram on Mondaymorning.

The recommendations of the commission, when accepted, would provide a bonanza to over four million Central Government employees. The commission was set up by government in 2006.

The government has decided to merge 50 per cent of the Dearness Allowance (DA) in the basic pay of its employees and the recommendation would have an impact of substantial increase in salary.

Although Finance Minister had not provided for any specific allocation for the salary hike in the budget, he had stated that there was enough head-room.