7’Th Pagarpanch Related Latest News Updates|
The Union Government is all set to clear revised allowances
for the central government staff, precisely after a year of the
implementation of the 7th Pay Commission.
As per reports, one year after
the implementation of the new pay and pension scheme, as recommended by
the 7th central pay commission, the central government employees might
have something to rejoice about after the assembly elections in 5 states
are over. Reportedly, the revised allowances are likely to be effective
from April 1.
●Read A Gujarati NewsReport {Sanj Samachar}
House rent allowances (HRA) accounts for about 60% of the total allowances bill, as The Financial Express stated and according to the revised allowance scheme, the employees, mostly in the metropolitan cities are expected to receive greater HRA than the 7th Pay Commission actually recommended. The 7th Central Pay Commission (CPC) recommended HRA of 24% of the basic pay for those cities with a population over 5 million. But the revised HRA which is being looked at by the Finance Secretary-led panel is 30%. Notably, in the 6th Pay Commission, the HRA was at 30% as well for the cities with more than 5 million people. A draft of the cabinet note for implementation of the revised allowance is expected to be circulated soon.
CLICK HERE TO NEWS.
House rent allowances (HRA) accounts for about 60% of the total allowances bill, as The Financial Express stated and according to the revised allowance scheme, the employees, mostly in the metropolitan cities are expected to receive greater HRA than the 7th Pay Commission actually recommended. The 7th Central Pay Commission (CPC) recommended HRA of 24% of the basic pay for those cities with a population over 5 million. But the revised HRA which is being looked at by the Finance Secretary-led panel is 30%. Notably, in the 6th Pay Commission, the HRA was at 30% as well for the cities with more than 5 million people. A draft of the cabinet note for implementation of the revised allowance is expected to be circulated soon.
CLICK HERE TO NEWS.
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7TH PAGARPANCH
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