There is 11% increase in Salaries of Govt Employees According to Winding Up Speech of Finance Minister. The detail of the same is as under:
Salaries of Govt Employees According to Winding Up Speech of Finance Minister
- There will be net increase of salaries of Govt Employees about 11%.
- The Adhoc Relief Allowance will be calculated on new basic pay after merging the Adhoc Relief Allowances of 2011 and 2012.
Conclusion of the Speech
The conclusion of the speech is that there will be the same 7.5% Adhoc Relief Allowance but the calculation of the 7.5 has been changed. Earlier it was expected 7.5 on the present pay before merging the 2011 and 2012 Adhoc Allowances and now 7.5% ARA will be granted after merging the ARA 2011 % 2012 thus resulting about net 11% increase in salaries. Let’s wait for the Notification about the final clarification of the same.