Thursday, August 11, 2011

No pay and D.A. hike for West Bengal announced by F.M.

No D.A./Pay hike annoncement
We are being flooded with queries relating to pay / D.A hike announcement in West Bengal vote on account presented by Dr Amit Mitra, the state finance minister.
Despite a strong rumor of "12% hike in salary", there is no such announcement.

A portion of the speech presented by the finance minister is here under :
"We are looking at garnering greater resources.We are looking at an ambitious 31 per cent increase in revenue collection,” Mitra said. The new government has projected to bring down the revenue deficit to Rs 8,290.83 crore in 2011-12 from Rs 17,166.03 crore in the last fiscal.

“About 93 per cent of state's revenue earlier was used to pay salaries and pensions. There was no scope for captital formation and asset creation. We will bring down this salary outgo to 74 per cent. And with this 31 per cent revenue growth, we will able to focus more on asset creation, despite increase in expenditure in payment of salaries and pensions by 12 per cent and seven per cent respectively,”
Perhaps the mention of increase in expenditure in payment of salary and pension has triggered the gossip.

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