Sri Lanka, March 2 -- Colombo, March 2 () - Parliament is in a dilemma whether it can undo the salary hike implemented by the Central Bank for its employees in large proportions amidst fiscal austerity, the learns.

The Central Bank recently increased the salaries of its employees by proportions of 29.53 percent to 79.97 percent under a triennial pay revision.

It happened when the government instructed all the state institutions to economize its expenses due to financial constraints. With the latest pay hike, the monthly pay of the Central Bank duty governor has been increased to Rs.1.7 million from Rs.974,965.

Following widespread criticism over the exorbitant pay hike, the Central Bank said it would clarify the matter to Parliament. ...