Employees Waiting For Sixth Pay Commission Report
The eyes of the central government employees will be firmly glued on the upcoming 6th Pay Commission Pay Scale Table.
The central government has sanctioned the setting up of the sixth pay commission in order to modify salary structures as well as other benefits for its 5.5 million employees across the country.
The sixth pay commission is estimated to cost the government an additional Rs 20,000 crore. The Centre promised that the central 6th pay commission scale report would be "advantageous" for the employees as government is keen to offer up comprehensive and fine salary packages to attract quality human resource.
Dr. Manmohan Singh announced the sixth pay board during the last month (Feb 2008). Pay boards are appointed on regular intervals to analyze a variety of matters including retirement benefits, pay and allowances, conditions of service and promotion plans of central government employees.
The sixth pay commission, likely to submit its report by early April, would give recommendations regarding the pay structure of government employees that includes industrial plus non- industrial central government employees, all-India services, armed forces personnel and employees in the Union Territories.
Besides, the commission would look at the pay structure for Indian audit and ac-counts department, regulatory bodies set up by Acts in Parliament and Supreme Court employees.
Normally, a central government employee’s total salary comprises a basic salary, a 51% dearness pay along with basic and a 41% dearness allowance of the total.
Sixth pay commission pay structure may bring cheer among different government sections as they have big expectations from the central 6th pay commission scales set by the government. According to the sixth central pay commission latest news, the 6th Pay Commission Pay Scale Table released during April’s first week will result in a hike of 30-40% in basic salary of central government employees in different categories. The central 6th pay commission scales may also help employees to fight with the ever increasing inflation.
The expected pay scale table of the sixth pay commission pay structure may also bring about a decent rise in the salaries of employees working in private sector. As per the latest news about 6th pay commission 2008 proposed pay scales, the much-awaited 6th pay commission pay scale table will also offer pending arrears to employees. However, the sixth pay commission pay scale of central government employee will depend on the final proposal.
Besides offering up a complete package such as retirement benefits for all government employees except RBI functionaries, the sixth pay commission pay structure is also likely to recommend how to make government organizations advanced and more people-friendly.
The sixth central pay commission latest news notifies that the impact of the upcoming Sixth Pay Commission’s suggestion is likely to be within 0.4% of the gross domestic product (GDP).
As the Budget has envisioned GDP at Rs 53,03,770 crore (Rs 53,037 billion) during the recent fiscal (2008-09), the impact of the award may well be Rs 21,215 crore (RS 212.15 billion). But finance secretary D Subbarao added that he expects the financial system to develop faster than the government's rough estimates of a real GDP growth rate of 8.5 per cent, and annual inflation rate to be 4.5 per cent, in 2008-09.
But all things get cleared after the submission of the sixth commission report.