Chidambaram receives Sixth Pay Commission reportMarch 24th, 2008 - 2:02 pm ICT by admin
New Delhi, Mar 24 (ANI): The Sixth Pay Commission headed by Justice B.N. Srikrishna today submitted its report to Union Finance Minister P. Chidambaram.
Over 4.5 million central government employees are expecting a bounty from the report which is likely to recommend major changes in salaries and terms of employment, including performance-linked pay and incentives.
In his budget speech last month, Chidambaram had said the pay panels recommendations would meet the legitimate expectations of government employees. The railway budget for 2008-09 has kept aside Rs 5,000 crore for implementing the Sixth Pay Commission’s recommendations for its 1.4 million employees.
According to budget estimates of Gross Domestic Product (GDP) for 2008-09, the financial impact of the proposal has been estimated to be within 0.4 per cent of theGDP, which amounts to about Rs 21,000 crore.
The commission was constituted in October 2006 to recommend changes in salary structure of the government employees. (ANI)
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