26 Sep, 2008
PANAJI: Goa government has decided to appoint a financial consultant who will tell the state how to mop up funds for implementing the Sixth Pay Commission recommendations.
The state will have to bear a liability of Rs 700 crore initially and an additional Rs 300 crore annually once it implements the pay commission recommended wages for its employees from this November onwards.
Goa Chief Minister Digamber Kamat had yesterday announced that the state would implement the Sixth Pay Commission.
“The financial consultant will guide us on how to implement some savings or enhance the tax further so that the revenue can be generated,” Goa Chief Secretary J P Singh said.
“We will curtail the expenditure by identifying some schemes where we can cut down. We will also create sinking fund…The financial consultant will help us to manage our finances better,” Singh said.
He added that the savings would attain more importance.
Earlier briefing about the cabinet decisions, Kamat on Thursday told reporters that that state will work out modalities to share liability with the centre.
http://economictimes.indiatimes.com/
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