9,029.05-10.2
Stock Analysis, IPO, Mutual Funds, Bonds & More

Maharashtra CM, cabinet to take a 60% pay cut for this month

Chief Minister Uddhav Thackeray and other MLAs will be taking 60% deductions in their salaries, while class A to B employees will get a 50% cut. There will be no salary deductions for class D staff.

ET Online|
Last Updated: Mar 31, 2020, 02.03 PM IST
0Comments
ANI
Uddhav
Coronavirus

COVID-19 CASES

Confirmed
145,380
Deaths
4,167
In the wake of the coronavirus pandemic sweeping across the country, and to financially assist the state, Maharashtra today announced a pay cut for all government employees.

Deputy Chief Minister Ajit Pawar, who is also the state finance minister, said the decision has been taken after consultation with Chief Minister Uddhav Thackeray and various unions of employees.

In an official statement, Pawar announced a 60 per cent cut in the March salaries of the chief minister, all other ministers, MLAs, MLCs and representatives of local governing bodies.

"The salaries of Class I and II will be cut by 50 per cent while that of Class III employees will be cut by 25 per cent. There will be no cut in the salaries of remaining classes in the state bureaucracy," he said.

The decision has been taken after a detailed deliberation with various unions of employees, he said.

"I hope the public representatives will cooperate with the state finance department as a strong financial support is required for the state in this ongoing fight against coronavirus," he said.

Pawar said the state's economy has been affected due to the coronavirus crisis and reduction of resources following the lockdown.

In a similar move, Telangana Chief Minister K Chandrasekhar Rao on Monday has announced that his salary would be cut by 75%, and that state ministers and members of Legislative Assembly (MLAs) will also face a three-fourth salary cut.
(Catch all the Business News, Breaking News Events and Latest News Updates on The Economic Times.)

Also Read

TVS Motor implements temporary pay cuts for employees

Pay cuts, layoffs: Startup morale under lockdown

Labour ministry to compile data on layoffs, pay cuts

IDFC First Bank senior management takes 10 pc pay cut

Air India unions challenge in Bombay HC pay cut due to pandemic

Comments
Add Your Comments
Commenting feature is disabled in your country/region.

Other useful Links


Copyright © 2020 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Service