The Chief Minister K. Chandrasekhar Rao on Thursday announced 43 per cent salary hike in the basic pay, to the State Government employees as part of implementing the 10{+t}{+h}Pay Revision Commission (PRC) recommendations.
Viewed as his New Year bonanza, though late by a month, to the employees, the increase in pay scales is likely to burden the exchequer by about Rs. 6,500 crore a year.
The employees would get the new salaries with retrospective effect from June 2, 2014.
However, the arrears would be deposited into their General Provident Fund (GPF) accounts and they would get the new salaries from March.
The Finance Department would issue necessary orders possibly on Friday, he said.
Making the announcement amidst huge applause from the leaders of various employees’ associations after holding a meeting with them, the Chief Minister said it was the first pay revision to the Telangana employees after formation of the new State.
“Never in the past such a huge fitment was given to the employees and the present increase is beyond their expectations”, he said.
