7th Pay Commission: For central government employees, this is far from good news; what RBI said
7th Pay Commission: While there is uncertainty plenty, RBI has stepped in with some data that may be of big concern for government employees. An increase in house rent allowance (HRA) following recommendations of the 7th Pay Commission has reportedly pushed up inflation significantly, with a peak impact of about 35 basis points
7th Pay Commission: The RBI paper shows that, so far, the actual impact of the HRA increase on headline consumer price index was similar to the assessment by the RBI in the Fifth Bi-monthly Monetary Policy State. Image source: PTI