Diabytes
7th pay panel News
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The central government employees are likely to get maximum monthly hike in house rent allowance (HRA) by up to Rs 48,000 from June.
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The Empowered Committee of Secretaries (E-CoS) set up to screen the 7th Central Pay Commission (CPC) recommendations on allowances is likely to firm up the proposal in next 15 days for approval of the Cabinet.
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If the government accepts the bare recommendations of A K Mathur-led 7th Pay Commission then the HRA component of central government employees will increase ranging between 106 percent and 122 percent.
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The committee on allowances has reportedly given its view in favour of AK Mathur-led 7th Pay Commission recommendation, regarding decrease in house rent allowance (HRA) by 2-6 percent depending on type of cities.
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Read here the full statement of Finance Ministry after submission of Lavasa panel report on allowances to Finance Minister Arun Jaitley.
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While recommendations of the CPC on pay and pension were implemented with the approval of the Cabinet, allowances continued to be paid at old rates.
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The 10-month long wait of central government employees and pensioners for allowances is about to end as the Narendra Modi government is expected to announce a maximum HRA hike of up to 178 percent for them soon.
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A high-level committee headed by the Finance Secretary submitted today its report on allowances to 47 lakh government employees to Finance Minister Arun Jaitley.
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The committee on allowances headed by Finance Secretary Ashok Lavasa is likely to recommend a maximum hike of 178 percent in house rent allowance by retaining HRA rate for Class X, Y and Z cities and towns at 30 percent, 20 percent and 10 percent of basic pay respectively.
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The 7th Pay Commission has recommended doing away with 53 of the 196 allowances and merging a few others.
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At the highest level of the pay scale, the Cabinet Secretary and officers of the same rank have a new basic pay of Rs 2.5 lakh per month, for which the HRA would be Rs 60,000, meaning a hike of 122 percent.
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Check out the complete list of allowances, recommended for abolition or continuation by the AK Mathur-headed 7th Pay Commission.
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Key highlights of recommendations of AK Mathur-headed 7th Pay Commission on allowances.
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Know how the report on HRA and other allowances may affect salaries of central government employees and pensioners.
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A high-level committee headed by finance secretary Ashok Lavasa is likely to submit its final report on HRA and other allowances to Finance Minister Arun Jaitley this week.
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The final recommendations on allowances will benefit over 47 lakh central government employees and 53 lakh pensioners.
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A high-level committee headed by finance secretary Ashok Lavasa is likely to submit its final report on HRA and ther allowances to Finance Minister Arun Jaitley next week.
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If all goes on the expected lines, the high-level committee on 7th Pay Commission will submit its final report on payment of allowances to Finance Minister Arun Jaitley this week.
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The Panel which was formed to study and submit its report in allowances recommended by the 7th Pay Commission is yet to come to a decision.
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With the second part of the Budget session kicking off from Thursday, expectations are widely rising that Finance Minister Arun Jaitley will make key announcements on allowances.
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