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Average salary in india 2018
Average salary in india 2018








average salary in india 2018 average salary in india 2018

Minimum pay for government employees: The minimum pay of a new government recruit at an entry level is now Rs.Recommendations of the 7th Pay Commission:

average salary in india 2018

The Lavasa committee is awaiting comments from the ministries of defence, railways and posts on 14 of these allowances. The revised allowance will include HRA, accidental allowance, outstation detention allowance, trip allowance, and ghat allowance. The Lavasa committee was asked to examine the 7th Pay Commission’s recommendation to abolish 53 allowances out of the 196 and absorb another 36 allowances into existing ones. Starting July 2018, the government will start disbursing revised allowances in accordance with the Seventh Pay Commission to over 4.9 million central government employees. The Ashok Lavasa Committee had reviewed the recommendations made by the 7th Pay Commission, specifically pertaining to allowances and submitted its findings to the finance minister.Ĭentral Government Staff May Get Revised Allowance – 7th Pay Commission Will Central Government Employees to Receive Revised Allowances from July,2018? – 7th Pay CommissionĬentral government employees are now benefitted by a 25 per cent increase in basic pay but with a slightly lowered HRA. Government employees and their spouses working in the Indian Railways are not entitled to LTC as the facility of “Free Pass” is available to them. Leave Travel Concession (LTC) for the first time can be now availed by railway employees. New Benefit for Railway Employees Under the 7th Pay Commission It is calculated by taking into account price variations for each item in the predetermined range of goods and taking an average of them. Consumer Price Index ( CPI) is a method that studies the weighted average of prices of a range of consumer goods and services, such as food, transportation, medical care and many more. The increase in-house rental allowance for central government employees recommended by under the 7th central pay commission has impacted the Consumer Price Index (CPI) inflation by nearly 35 basis points at its peak. How House Rent Allowance ( HRA) Structure has Impacted Inflation – 7th Pay CommissionĪccording to a research paper by RBI’s department on monetary policy. An additional eight lakh teaching and 15 lakh non-teaching staff retired from state public and affiliated universities – that wish to or have adopted the pay scales prescribed for Central Universities will also benefit from this decision. This decision by the government will benefit a current strength of 25,000 pensioners of central universities, deemed universities and University Grants Commission (UGC) -maintained universities. 18,000īy recommendations from the seventh pay commission, the government has revised the pension limits for both teaching and non-teaching staff of central and state universities. The 7th Pay Commission – Over 23 Lakh Pensioners to get benefit of up to Rs.










Average salary in india 2018