Saturday, March 14, 2015

Telengana employees to get salary arrears in bonds

Finance Minister Eatala Rajender informed the Assembly on Friday that the employees of the Telangana government would get arrears of their enhanced salary in the wake of Pay Revision Commission recommendations in the form of bonds, together with interest, over a period of five years. 
During Question Hour, Mr. Rajender said the arrears would be paid from June 2 last year till the salary for February that was remitted this month. Employees will draw enhanced pay with 43 per cent fitment from this month onwards. 
The Minister said all employees of the State government, local bodies, public undertakings and non-teaching staff of universities would be covered. 

He also said the government had enhanced the minimum salary limit from Rs. 6,700 to Rs. 13,000, maximum salary from Rs. 55,000 to Rs. 1,10,850, ceiling of house rent allowance in Greater Hyderabad Municipal Corporation limits from Rs. 12,000 to Rs. 20,000, minimum pension from Rs. 3,350 to Rs. 6,500, stagnation increments from 3 to 5, medical allowance from Rs. 200 to Rs. 350 and tuition fee reimbursement from Rs. 1,000 to Rs. 2,500. The city compensatory allowance will be doubled, dearness allowance fixed at 63.34 per cent and gratuity on retirement will be hiked, he said. 
The measures, imposing an additional burden of Rs. 6,500 to 6,700 crore on the government, will benefit 3 lakh employees and 2.4 lakh pensioners.  The government took the permission of the Election Commission in view of the code in force for Council elections to implement the decision, he added.
‘AP extended same benefit’
Earlier, N.V.S.S. Prabhakar of the BJP said there was nothing great in the decision of the Telangana government to give 43 per cent fitment to employees as a revenue surplus State because the Andhra Pradesh government had also extended the same benefit despite being revenue deficit. 
Source : The Hindu

1 comment :

S.Lakshman Rao said...

In place of Bond, crediting the arrears in the providend fund acount could have been a better choice...

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