7th Pay Commission: Decision On Revised Allowances, HRA Unlikely Today
Today, it is unlikely that the Union Cabinet decides benefits that include HRA under the commission’s 7th payment commission, said NDTV. Proposals for seventh pay compensation are not part of today’s cabinet agenda, the sources added. Finance Minister Arun Jaitley makes an official visit to South Korea. The Lavasa Ashok Committee, which considers the recommendations of the seventh compensation compensation, submitted its report to the Minister of Finance on 27 April. A committee in charge of secretaries was created to examine the report and proposal to the Council of Ministers.
Lavasa The committee suggested changes in certain allowances universally applicable to all employees and other benefits that apply to specific categories of employees, the Finance Ministry said in a statement. Economists say the seventh compensation compensation commission should give new impetus to consumer spending and thus to the global economy, according to analysts.
The Reserve Bank has reported, however, upside risks to inflation since the disbursement of revisions to the payment of a seventh indemnity. “At present, the overall political and financial risks that materialize in imported inflation and the payment of compensation for the 7th prize of the Central Clearing Committee are upside risks. Has been announced and as such is not taken into account in the benchmark projections, “the RBI said in its latest monetary policy statement last week.
The government last year agreed on the recommendation of the Commission of the seventh compensation by the Ministry of Justice AK Mathur regarding the increase of the remuneration and the basic pension. The Commission’s recommendations for seventh payment in respect of compensation refer to the committee of Ashok Lavasa.
The seventh compensation committee had recommended that the rental house allowance be paid at 24 percent, 16 percent and 8 percent of the new basic salary, depending on the city. The seventh compensation committee also recommends that the HRA rate be reviewed at 27 percent, 18 percent, and 9 percent when the DA or cancer assignment crosses 50 percent and reviewed at 30 percent, 20 percent, and 10 Percent when passed through 100 percent. As for compensation, the employee unions demanded the HRA at the rate of 30 percent, 20 percent and 10 percent.
The seventh compensation committee had recommended a total of 196 payments, 52 and 36 withdrawals are withdrawn as separate identities through their inclusion in other compensation.
The Council of Ministers approved early amendment of the Commission’s recommendations to pay seventh in the method of reviewing the pension of retirees and family pensioners before 2016 based on the recommendations of a high-level group. The decision will benefit more than 55 lakh-2016 before civilian pensioners and pensioners of the defense family.