The Union Cabinet is likely to decide on the hike in HRA and other allowances under the 7th Pay Commission on Wednesday, ending the long wait of nearly 1 crore central government employees and pensioners. The 7th Pay Commission had recommended the House Rent Allowance (HRA) to be fixed at 24%, 16% and 8% depending on the city of work. Employees, however, had demanded 30%, 24% and 16% HRA.
The Ashok Lavasa-led committee, constituted to arrive at a consensus, had on April 28 suggested changes in some allowances applicable to central government employees and also for those in specific categories, including Railways and Defence.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
Find the best of Al News in one place, specially curated for you every weekend.
Stay on top of the latest tech trends and biggest startup news.
