Friday, March 14, 2008

Arrears may be given in installments

If you have any big planning of investment in share market after implementation of sixth pay commission report with extra money from arrears, you will be disappointed to know that you may not get full arrears amount in a lump sum.

Arrears may be paid to central government employees in instalment after implementing 6th pay commission report. This is speculated at special report on 6th pay commission on CNBC Aawaz TV channel (13.03.2008).

In this program, it is also speculated that pay hike will be around 33% and arrears will be effective from January 2006. According to this TV program, payment of arrears in instalment will reduce sudden load on government budget.
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