Just In |  Breaking News

Breaking News

Just In

Sunday, September 21, 2008

Sixth Pay Commission: States ask Centre to bear 50%

by admin

State government asked Centre to share half the burden of pay revision of their employees, in case they go for the next salary hike. VAT panel said in its presentation to the 13th Finance Commission, “The states would never forget the effect of the Centre’s decision on recommendations of the Fifth Central Pay Commission regarding pay revision on states’ finances through consequences of pay revision at the states levels. This had resulted in a financial crisis for the states”.

The Empowered Committee of state finance ministers on VAT said that during that time, the Centre had agreed to bear half of the burden of the states but did not actually provide the assistance. The VAT panel said that the Sixth Pay Commission will “consequently cause the states to take certain decisions for the pay structure of their employees and others with serious financial implications”. Due to the Sixth Pay revision, the Centre will bear an additional burden of Rs 15,700 crore on the central budget and Rs 6,400 crore on the railway budget.

3 Responses to “Sixth Pay Commission: States ask Centre to bear 50%”

  1. satish bhutani says:

    in sixth pay calculator da percentage is not correct in april,08 to june,08 you have calculate 35% in stead of 41 & so on 41% in month of july+ august in old scale. please verify. thanks .
    satish bhutani phone no. 09466090108

  2. m.t.narayanan. nair says:

    retired as commercial controler ,S. Rly , i 455-700 scale on 5.8.1982 .My basic salary was 545/- . In 6th pay commission in which pay band i will be fitted ? what will be my basic pension on 1.1.2006 according to the revised pay band ?

  3. O P Malik says:

    6th Pay Commission

    By the 6th Pay Commission a discrimination has been created amongst the pensioners. 6th Pay Commission’s differential benefits to pensioners from January 1st 2006 is in contravention of laws laid down by Hon’able Supreme Court…….
    Read More…….www.right2info.com

Leave a Reply

Rectification

>
We express regret at the fact that the picture that DailyNews365.com had posted alongside the news article 'Sanjeev Saxena Arrested By Delhi Police' was not of Sanjeev Saxena, the assistant of Samajwadi leader Amar Singh, but his namesake who is the respected CEO at Actis Biologics Inc. Sanjeev Saxena, the CEO, is not associated to the 2008 cash-for-votes scandal in any way. We express our sincere apologies to Mr. Saxena.

World News

Loading ...