India - Government Employees get 24% Raise.. This Raise will cost $15 Billion extra burden on Govt.

[hydKaSher]

NEW DELHI:  Salaries and pensions for former and current central government employees will go up by nearly 24 percent retroactively from the start of this year.

Here is your 10-point cheat-sheet to this big story:

1. The move will benefit an estimated 10 million government employees including nearly 60 lakh pensioners, starting from January 1, 2016. Among the defence services, 14 lakh serving officers and 18 lakh retired members will be covered.
2. Arrears will be paid within this year, said Finance Minister Arun Jaitley.
3. The last major hike in 2008 saw an average raise of nearly 50 percent. The auto and retail sectors gained in the stock market after today's announcement.
4. The increments - considerably smaller than past increases-  will cost the government about one lakh crores or 15 billion dollars every year.
5. While this cost is a whopping 0.7 percent of India's GDP, the hike is the lowest in the last seven decades.
6. The new allowances and hikes were cleared by the cabinet today and are based on the recommendations of the Seventh Pay Commission - a government committee which reviews the pay of government employees nearly every decade.
7. Government workers also have been getting half-yearly and annual increments linked to prices. The new rules do away with 52 allowances and merge 36 others.
8. Under the new scheme, the maximum salary for a government servant will be about 2.5 lakhs a month, that's more than double the top-rung pay of Rs. 90,000 a month.
9. The least a government officer can now be paid is  Rs. 18,000 a month, more than double the current compensation of Rs. 7,000 offered to the most  junior employees.
10. The government is counting on the higher salaries to result in more consumer spending which could trigger economic growth.However, some experts believe that the additional cash in the market could fuel inflation. To keep a check on price rise driven by greater liquidity in the market, the government plans to keep a close eye on the market

[ramana1212]

Deenamma Jeevitham....Maa aapice lo 2.5% raise iste...tegga sambarapadipotunaru.....M lodi oka sari 24% endi....

[hydKaSher]

1 minute ago, ramana1212 said:

Deenamma Jeevitham....Maa aapice lo 2.5% raise iste...tegga sambarapadipotunaru.....M lodi oka sari 24% endi....

Baa

The last major hike in 2008 saw an average raise of nearly 50 percent. 

 

ee lavda lo IT job kante ee govt job try cheskunna aipoyedi 

[ramana1212]

4 minutes ago, hydKaSher said:

Baa

The last major hike in 2008 saw an average raise of nearly 50 percent. 

 

ee lavda lo IT job kante ee govt job try cheskunna aipoyedi 

Malli aa Govt employees peeki podichi pani chesedi em undadhu, Paiga additional bench kinda income and extra benefits....

I want a Govt. job immediately sir....

[perugu_vada]

Cost of living perugutondi day by day, so salary increase cheyatam lo thappu ledu, kani scrutiny penchali valla work medha, hardly 50% of the their allocated time work chestaremo

every office lo oka spy ni pettali to find out about corruption

[hydKaSher]

2 minutes ago, perugu_vada said:

Cost of living perugutondi day by day, so salary increase cheyatam lo thappu ledu, kani scrutiny penchali valla work medha, hardly 50% of the their allocated time work chestaremo

every office lo oka spy ni pettali to find out about corruption

Tagore cinema lo laga na 

[ramana1212]

2 minutes ago, perugu_vada said:

Cost of living perugutondi day by day, so salary increase cheyatam lo thappu ledu, kani scrutiny penchali valla work medha, hardly 50% of the their allocated time work chestaremo

every office lo oka spy ni pettali to find out about corruption

Aa Spy gaadu aa corrupt galani blackmail chesi....%age nokkadam tappa....corruption free anedi possible kaadu.

Basic Human Nature maari....Work oriented and Coutry oriented avvalante oka 100 yrs pattochu.

[perugu_vada]

3 minutes ago, ramana1212 said:

Aa Spy gaadu aa corrupt galani blackmail chesi....%age nokkadam tappa....corruption free anedi possible kaadu.

Basic Human Nature maari....Work oriented and Coutry oriented avvalante oka 100 yrs pattochu.

Sonething got to start at some where, thappadu mari

[idibezwada]

deniki vayya malli hike..che denemma IT jobs waste bokka...mak telsina MDO okadu in lakhs earn chestadu per month with flexible timings for in n out...salary around 50K+ balla kinda money+ chits meeda monthly 60K....inkokadu some teacher and real estate and apt construction as side biginess..manam emo ikkada bokkalo immi issuestho naana sankalu naaking.

[hydKaSher]

4 minutes ago, ramana1212 said:

Aa Spy gaadu aa corrupt galani blackmail chesi....%age nokkadam tappa....corruption free anedi possible kaadu.

Basic Human Nature maari....Work oriented and Coutry oriented avvalante oka 100 yrs pattochu.

Govt employees ki Performance reviews and KPIs pedithe saripothundi.. 

[riashli]

[siru]

37 minutes ago, hydKaSher said:

NEW DELHI:  Salaries and pensions for former and current central government employees will go up by nearly 24 percent retroactively from the start of this year.

 

 

 

Thank you CK maakosam Rupees ni $ ki convert chesi post vesav..its really helpful.

[hydKaSher]

6 minutes ago, siru said:

 

 

 

Thank you CK maakosam Rupees ni $ ki convert chesi post vesav..its really helpful.

First of all I dont know who cheekay or ck is , secondly aa conversion already NDTV vaade vesadu I just copy pasted baa