Friday, April 25, 2008
Cabinet approves 6 percent Dearness Allowance for employees, pensioners
The state government today approved 6 percent Dearness Allowance (DA) for its employees and pensioners.
The sources said that DA would be paid in cash to both in-service employees and pensioners.
The cabinet, which met here today under the chairmanship of Chief Minister Ghulam Nabi Azad at his residence, also gave a go ahead to the creation of Chenab Valley Project Corporation as agreed under the Memorandum of Understanding (MoU) signed between NHPC and Power Development Corporation (PDC).
Besides, the cabinet also approved transfer of 400 kanals of land at Samba to the army for shifting of ammunition depot from the present site.
This needs to mention here that during the meeting of Board of Directors of Power Development Corporation earlier, the decision about the creation of Chenab Valley Project Corporation (CVPC) was taken following the signing of Memorandum of Understanding (MoU)between NHPC and Power Development Corporation(PDC)for the joint venture on three power projects on Jehlum and Chenab. Today the cabinet gave approval for the creation of CVPC.
To read the full article, click here...
To read the ePaper, visit: http://epaper.kashmirtimes.com
The sources said that DA would be paid in cash to both in-service employees and pensioners.
The cabinet, which met here today under the chairmanship of Chief Minister Ghulam Nabi Azad at his residence, also gave a go ahead to the creation of Chenab Valley Project Corporation as agreed under the Memorandum of Understanding (MoU) signed between NHPC and Power Development Corporation (PDC).
Besides, the cabinet also approved transfer of 400 kanals of land at Samba to the army for shifting of ammunition depot from the present site.
This needs to mention here that during the meeting of Board of Directors of Power Development Corporation earlier, the decision about the creation of Chenab Valley Project Corporation (CVPC) was taken following the signing of Memorandum of Understanding (MoU)between NHPC and Power Development Corporation(PDC)for the joint venture on three power projects on Jehlum and Chenab. Today the cabinet gave approval for the creation of CVPC.
To read the full article, click here...
To read the ePaper, visit: http://epaper.kashmirtimes.com
Labels: approves, Cabinet, Chenab, Chenab Valley Project Corporation, Dearness Allowance, employees, jehlum, NHPC, pensioners, Power Development Corporation, power projects
Tuesday, March 25, 2008
Hefty hike for employees
The Sixth Pay Commission today recommended a hefty increase in salaries of over four million central government employees, a move that would cost the exchequer Rs 12,561 crore in 2008-09.
The Commission, headed by Justice B N Srikrishna, submitted its report to Finance Minister P Chidambaram recommending implementation of the revised pay from January 1, 2006, which would impose an arrear payout burden of Rs 18,060 crore on the government.
The revised pays fixed the salary of Cabinet Secretary at Rs 90,000 a month and Secretary at Rs 80,000 per month, while making Rs 6,660 as the minimum entry level salary.
The Commission, headed by Justice B N Srikrishna, submitted its report to Finance Minister P Chidambaram recommending implementation of the revised pay from January 1, 2006, which would impose an arrear payout burden of Rs 18,060 crore on the government.
The revised pays fixed the salary of Cabinet Secretary at Rs 90,000 a month and Secretary at Rs 80,000 per month, while making Rs 6,660 as the minimum entry level salary.
Recommending a substantial increase in allowances and other benefits, the Commission also suggested a 40 per cent increase in pension and family pension.
The bonanza to employees would take effect once the Cabinet considers the recommendations of the Sixth Pay Commission that was set up in 2006.
To read the full article, click here...
To read the ePaper, visit: http://epaper.kashmirtimes.com
Labels: bonanza, Cabinet Secretary, employees, Finance Minister, pay hikes, pension, salary, Sixth Pay Commission
Subscribe to Posts [Atom]
