7th Pay News | 7th Pay ARREARS
7th Pay ARREARS 1-1-2016 to 31-07-2016 Difference in 3 Part Calculator 1100+ Employee Excel File.
Last Week Latest News about 7th pay:
As per the recommendations of the Seventh Pay Commission, the increase in housing allowance (HRA) of the Central Government employees has affected the CPI-based inflation at around 0.35 per cent. This has been said in a research paper of the Reserve Bank’s Monetary Policy Department. Modified HRA under the Seventh Pay Commission came into effect from July 2017.
“The impact of increase in housing rent allowance on CPI inflation” has been stated in the letter, “Analysis of Consumer Price Index-based inflation shows that according to the recommendations of the Seventh Pay Commission, retail inflation is expected to increase to around 0.35 Percent increase. “
It has been said that some states have increased the wages and allowances for their employees, but due to administrative delays in declaration and actual distribution and partial distribution by the states, they do not see the impact in the figures. “
Under the recommendations of Seventh Central Pay Commission, the basic salary of the government employees increased 2.57 times. Accommodation in CPI is an important factor. Its weightage is 10.07 percent. In the housing segment, the weightage of housing rent is 9.51 percent and other different housing service is 0.56 percent.
JOIN OUR TELEGRAM CHANNEL t.me/maru_gujarat_online
|| Share This Post ||