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StaffCorner

21 Feb, 2017 10:41 PM

Revised allowance announcement only after State elections

Revised allowance announcement only after State elections The Centre is likely to make a formal announcement on the revised structure for allowances under the Seventh Pay Commission by next month. There were reports that the report will be submitted on February 20.

“A decision is likely to be announced after the State assembly elections get over,” said a senior official. The entire exercise of State polls will get completed by March 11.

The committee on allowances led by Finance Secretary Ashok Lavasa that was set up to review the recommendations of the Seventh Pay Commission is understood to have finalised its report.

Sources indicated that the committee has recommended higher house rent allowance could be increased to offset the higher cost of living.

However, the revised structure for allowances is likely to be implemented from April 1, to ensure that it does not have any impact on the government’s finances this fiscal.

An official said the impact of the higher allowances has already been factored in the Union Budget 2017-18, which has increased the allocation for allowances (other than travel expenses) by seven per cent.

According to the Budget Estimate, allowances have been pegged at ₹69,221.7 crore in 2017-18, as against the Revised Estimate of ₹64,677.43 crore this fiscal. Travel expenses are also estimated to rise marginally to ₹4,713.93 crore next fiscal from ₹4,322.89 crore this fiscal.



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