Wednesday, July 30, 2008

Salary revisions may take time

New Delhi
July 30: The hopes of millions of Central government employees, including those from defence and paramilitary forces, for early implementation of their long-pending wage revision are likely to be dashed, as the government is set to refer the Sixth Pay Commission report to the 13th Finance Commission for evaluation and possible impact on the fiscal health of the country.
Sources in the government confirmed that the pay commission report is going to be taken up by the Union Cabinet for consideration during its meeting on Thursday. But as the Cabinet notes suggest, the report is most likely to be referred to the 13th Finance Commission to asses the impact on government treasury, they added.
Interestingly, issues relating to oil bonds worth Rs 39.5 thousand crores and fertiliser subsidies worth about more than Rs 1 lakh crore are also slated to be referred to the Finance Commission.
These issues have been referred to the commission with a set of terms of reference, which include cost assessment in case of the Sixth Pay Commission report. While in case of oil and fertiliser subsidies, the commission has to decide how to stager in repayment and minimise the impact on government exchequer.
The Finance Commission is headed by Mr Vijay L. Kelkar, former Union finance secretary and adviser to the finance minister.
The other members include Ms Indira Rajaraman, emeritus professor, National Institute of Public Finance and Policy, Mr Abusaleh Shariff, chief economist, National Council of Applied Economic Research and Mr Atul Sarma, former vice-chancellor, Rajiv Gandhi University (formerly Arunachal University). Mr Sumit Bose is the secretary to the commission, while Mr B.K. Chaturvedi, member, Planning Commission, is a part-time member.
Incidentally, Prime Minister Manmohan Singh on Tuesday had a presentation session on the Sixth Pay Commission report with Cabinet Secretary K.M. Chandrashekhar.

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