In an obvious bid to be one up on her latest number one political foe, the Congress, Uttar Pradesh Chief Minister Mayawati on Monday declared in the State Assembly that her government would promptly implement the recommendations of the Sixth Pay Commission.
Around 450 members from IIT-M, besides the other seven IITs in the country, are resorting to the black badge protest. The association said on Wednesday that the present IIT pay-scales were neither commensurate with the required qualifications nor enough to attract fresh talent,even to well established IITs and that the faculty are 'frustrated with the inordinate delay' in implementing the Sixth Pay Commission recommendations.
Setting up of the sixth pay commission and its terms of reference are to be finalised by the Union Cabinet when it meets on Thursday.
The Sixth Pay Commission on Monday submitted its report to the government, presumably recommending a 40 per cent hike in salary for central government employees.
Barely out of their teens, the first batch of girls will graduate alongside 300 male cadets from the National Defence Academy.
The government will mop up Rs 1,400 crore (Rs 14 billion) this fiscal by taxing the second instalment of arrears due to central government employees, who were awarded increased salaries by the Sixth Pay Commission.
The government on Wednesday said it would tax only 40 per cent of salary arrears to be paid to central government employees in the current fiscal on implementation of Sixth Pay Commission recommendations.
The government on Thursday approved the Sixth Pay Commission recommendations, heaping civil and defence staff with a salary hike bonanza on the eve of the country's 61st Independence Day.
Income tax at source would be deducted only on 40 per cent of salary arrears to central government employees in the current fiscal on implementation of Sixth Pay Commission recommendations, government said on Tuesday.
In far-reaching reform measures to the salary structure of an estimated 4.5 million central government employees, the sixth Pay Commission report submitted to the finance ministry today recommended an across-the-board effective salary hike of about 28 per cent, performance-linked increments, fewer holidays and a new medical insurance scheme.
'We will work together for the mutual benefit of the people of our two countries and shape a better future for the world.'
However, the details will be worked out after the Fitment committee submits its report to the government. It also seeks to continue the thrust of the original budget for the development of agriculture, education, infrastructure in the state. The first supplementary presented by the Orissa finance minister, Prafulla Chandra Ghadai in the state Assembly amid slogan shouting by the BJP members, proposes an outlay of Rs 7587.69 crore (Rs 75.87 billion) for 2008-09.
The current salary paid by the Delhi government amounts to 17 per cent of the total expenditure.
The central government employees may get increment in their salaries on the basis of their performance as the Sixth Pay Commission is looking into the possibility of adding productivity-linked incentives to their overall income.
General Nirmal Chander Vij, former Chief of Army Staff, wrote a letter in anguish to Prime Minister Manmohan Singh against the adverse implications of the sixth pay commission on the armed forces. The letter written on April 17, 2008, speaks volumes about the armed forces' dissatisfaction, which no government can ignore.
Since most of the States' coffers are depleting the hike in salaries in states is unlikely to match the central government. The payout is likely to be deferred levels. Besides, many states have their own pay commissions. However, state govt employees are assessing whether it is the central pay commission's recommendations that will be more beneficial for them or the state govt's own, as state commission's recommendations are reviewed every 5 years and centre's every 10 years.
This time, five states, including Tamil Nadu, have requested the Centre to delay the pay hikes.
Prime Minister Narendra Modi arrived in France on a three-day visit during which he will co-chair an AI Action Summit with French President Emmanuel Macron and hold bilateral talks with him. Modi will also be warmly greeted by the Indian community and address the India-France CEO's Forum. The visit will include a visit to the Mazargues War Cemetery and the inauguration of the new Indian Consulate General in Marseille.
This is roughly 70% of the national transporter's budgeted wage bill of Rs 40,435 crore for the current financial year.
Central pay commissions in the past have usually been set up after every 10 years and the 10-year period of the current sixth central pay commission would be over by 2015.
The Centre on Tuesday said it cannot give blanket assurance to states to help them come out of financial problems following implementation of the 6th Pay Commission awards by them.
The move, if implemented, could change the way banks transact business. For starters, the loyal public sector bank customers could be the biggest gainers, with the Pay Commission recommending that government offices should stay closed only on the three national holidays -- Republic Day (January 26), Independence Day (August 15) and Gandhi Jayanti (October 2). All cheque clearances are expected to be faster and make money available in your accounts earlier than at present.
Consumer goods manufacturers, expecting to see a revival of demand from the nearly Rs 16,500 crore Pay Commission arrears for government employees, are likely to be disappointed.
The only sensible solution is in having a separate pay commission for the armed forces.
Overnight, the Wall Street closed on a flatter note.
Whether she will pare the fiscal deficit target of 5.1 per cent of GDP, using the record dividend received from the RBI, or expand flagship government programmes will be keenly watched.
Farm activists say low MSP is fine, if salaries revised under the Sixth Pay Commission are lowered.
The strike by a section of employees of Brihanmumbai Municipal Corporation for a pay hike was called off on Tuesday evening following "positive assurance" on the issue from the Maharashtra government, bringing relief to citizens affected by the stir.
The challenge of cleaning up the taxation system and introducing the goods and services tax (GST) regime cannot be underestimated.
Nearly 800 employees started the strike on February 3 alleging gross mismanagement of funds by the top management and demanded a thorough audit of ICAI by comptroller and auditor general.
In an interview with Business Standard, days before the announcement of the Railway Budget for 2011-12, Financial Commissioner Samar Jha hopes that the railways would tide over the crisis soon, as the impact of the Sixth Pay Commission recomendations dissipates and earnings improve. Edited excerpts:
Seeking more funds, Railway Minister Mukul Roy requested Prime Minister Manmohan Singh and Finance Minister Pranab Mukherjee to provide additional allocation to meet the rising demands of the Railways to achieve efficiency and provide more safety.
Over 400 motormen of Mumbai's Western Railway went on a flash strike on Friday, leaving lakhs of commuters stranded during peak hour.
Over 400 motormen of Mumbai's Western Railway went on a flash strike on Friday, leaving lakhs of commuters stranded during peak hour.
The apex body for farmers' organisations has stated in a representation to the government that even big farmers were worse off than the lowest-paid government employees. It has charged the government with discrimination against farmers vis--vis workers from other sectors.
Resources alone will not make the Indian armed forces the envy of its adversaries. It is the policy direction that is set by the military leadership and the quality of training imparted to its manpower that will make the difference. The debate on the wide-ranging changes that India's defence set-up needs should have been initiated long back by the armed forces themselves.
After the top brass of the Armed Forces, it now appears to be the turn of scientists of the defence and nuclear establishments to express dissatisfaction over the recommendations of the Sixth Central Pay Commission.
Brihanmumbai Municipal Corporation staff, owing allegiance to the Municipal Mazdoor Union led by Nationalist Congress Party leader Sharad Rao, went on a strike on Tuesday demanding salaries on the lines of the sixth pay commission. Civic employees who have joined the strike include those involved in jobs such as garbage collection, dousing fires, monitoring water supply and working in civic hospitals.
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