7th pay commission: Should central government employees worry now?
RBI added, "Adjusting for the estimated impact of the 7th central pay commission’s house rent allowances (HRA), headline inflation increased from 4.5 per cent in May to 4.6 per cent in June. Low inflation continued in cereals, meat, milk, oil, spices and non-alcoholic beverages, and pulses and sugar prices remained in deflation."
7th pay commission: The issue of salary hike of central government employees has come in for a mention by the Reserve Bank of India today. In effect, inflation was cited by RBI as a reason to justify interest rate hike. Image source: Reuters