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Thursday, August 14, 2008

Highlights

Highlights:

  • Pay revision with effect from January 1, 2006.
  • Arrears to be paid in two installments -- 40 per cent this fiscal and 60 per cent in the next financial year, said Information and Broadcasting Minister P R Dasmunsi.
  • Minimum entry level pay raised to Rs 7,000 from Rs 6,660 per month recommended by the Commission.
  • Financial implication of Pay Commission on General Budget would be Rs 15,700 crore (Rs 157 billion) and Rs 6400 crore (Rs 64 billion) on the Railway Budget in 2008-09.
  • Average increase in pay is 21 per cent, said expenditure secretary Sushma Nath.