Friday, 9 June 2017

Govt. employees may get benefit from 18th July

According to sources, housing rent allowance can be 27 percent of the basic salary in cities having a population of more than 5 million, while the 7th Pay Commission recommended it only to 24%.

There is a good news for nearly 50 lakh Central Government employees. These employees can get the benefit of the recommendations made in the 7th Pay Commission from July 18. Employees may start meeting with other rent allowances, including House Rent Allowance (HRA), in July. According to sources, due to not providing revised allus to the employees of the Central Government, the government exchequer benefited about Rs.2200 crores every month, or can say that due to non-payment of revised allowance, the Central Government has paid Rs.40,000 crores. But, the government can compensate  this loss to the Central employees and they can be given HRA more than the panel's recommendation.

According to sources, housing rent allowance can be 27 percent of the basic salary in cities having a population of more than 5 million, while the 7th Pay Commission recommended it only to 24%. Now, in these cities, atra is 30 per cent of the original basic salary, but the seventh pay commission has made a substantial increase in basic pay and it has increased by about 23.55 per cent. This means that the implementation of these recommendations will increase the salaries of the employees. According to information from the sources, the proposal related to the Alliance will be discussed in the meeting of the Central Cabinet this month.

Central Government has constituted a committee headed by Ashok Lavasa to fix the rate of allowance. The committee submitted its report to the Finance Minister on April 27. This committee had suggested some changes in the allowance to the employees of all sectors. Explain that the Reserve Bank expects that increasing the expenditure on the market will increase the rate of consumption by the central employees, and the rate of consumption will increase, hence the economy can get accelerated.
                                                                                       ---Sonal

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