ZEE Business
ZEE BUSINESS
हिंदी में पढ़ें  हिंदी में पढ़ें
Live TV
Live TV
  • Home
  • Personal Finance
    • PPF
    • Mutual Funds
    • Income tax
    • EPFO
    • Income Tax Calculator
    • Personal Loan Calculator
    • Car Loan Calculator
    • Home Loan Calculator
    • SIP calculator
    • SWP Calculator
    • MF Returns Calculator
    • Lumpsum Calculator
  • India
    • Companies
    • Property
    • Startups
    • Uidai
  • Economy
    • Aviation
  • Tech
    • Mobiles
    • Apps
  • Auto
    • Cars
    • Bikes
  • Markets
    • Commodities
    • Currency
  • Railways
  • World
    • Economy
    • Politics
    • Markets
  • videos
  • photos
  • MSME Summit
  • Trending News
    • Viral News
    • Travel
    • People
    • Entertainment
    • Sports
  • More ...
    • VIDEOS
    • PHOTOS
BREAKING NEWS
  • Service charge on food bills: Big development from Delhi HC - No stay on guidelines prohibiting hotels, restaurants
  • Fixed Depsit Interest Rate: Check latest FD rates of HDFC Bank, SBI, Kotak Mahindra Bank, PNB, ICICI Bank, BoB, IOB, Ujjivan
  • Operation Demat Daka Big Impact: 4 out of 5 victims of demat account hacking receive compensation; Anil Singhvi lauds them for t
  • Indian Railways to shut 300 ticket counters this year, to make IRCTC server robust
  • India’s first electric double-decker bus Switch EiV22 unveiled | PHOTOS
Read in App
Business News » Personal Finance News

7th Pay Commission: After Indian Railways staff, now these central government employees get up to 300% hike in allowance

Right from extending 7th Pay Commission benefits to academic staff to approving a hike of over 200% in allowances for lakhs of Indian Railways employees, the central government is doing its best to keep the employees happy ahead of Lok Sabha elections, 2019.

  • Twitter
  • Facebook
  • Linkedin
  • whatapp
  • View in App
7th Pay Commission: After Indian Railways staff, now these central government employees get up to 300% hike in allowance
7th Pay Commission: The Ministry of Personnel, Public Grievances & Pensions said that the powers to grant Cash Handling and Treasury Allowance remain delegated to the Ministries and Heads of Departments. Reuters

7th Pay Commission latest news: With the start of the New Year,  the central government has also started pouring in more money into the hands of its employees. Right from extending 7th Pay Commission benefits to academic staff to approving a hike of over 200% in allowances for lakhs of Indian Railways employees, the central government is doing its best to keep the employees happy ahead of Lok Sabha elections, 2019. Now, in yest another important development, the central government has approved a massive hike of over and up to 300% in allowances for the central government employees handling cash and treasury. The Cash Handling Allowance and Treasury Allowance have also been subsumed in ‘Cash Handling and Treasury Allowance’.

Earlier, the allowances were classified into five categories based on the amount of the cash. Centre used to pay an allowance of Rs 230 for the handling of cash up to Rs 50,000, Rs 450 for cash over Rs 50,000 and up to Rs 2,00,000, Rs 600 for cash over Rs 2,00,000 and up to Rs 5,00,000, Rs 750 for cash over Rs 5,00,000 and up to Rs 10,00,000, and Rs 900 for cash over Rs 10,00,000.

Now, there are only two categories left. The allowances have been hiked to Rs 700 for cash up to Rs 5 lakh and Rs 1,000 for cash over Rs 5 lakh. Check out the notification below:

The Ministry of Personnel, Public Grievances & Pensions said that the powers to grant Cash Handling and Treasury Allowance remain delegated to the Ministries and Heads of Departments who, at their discretion, may appoint Junior Secretariat Assistants / Senior Secretariat Assistants / Assistant Section Officers / Officials holding substantive post up to level 7 of Pay Matrix, to perform the duties of Cashiers.

So, central government employees interests are being taken care of through 7th pay commission salaries and benefits too.

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

TAGS:
7th Pay commissionSeventh pay commission7th CPCcentral government employees
Written By: ZeeBiz WebTeam
Updated: Tue, Jan 22, 2019
11:41 am
ZeeBiz WebDesk
RELATED NEWS
7th Pay Commission Central government employees latest news: DA formula changed – know how it will impact your salary 7th Pay Commission Central government employees latest news: DA formula changed – know how it will impact your salary
7th Pay Commission to stay! Govt not mulling 8th Pay commission; Is performance-based increment for central government employees on the cards? 7th Pay Commission to stay! Govt not mulling 8th Pay commission; Is performance-based increment for central government employees on the cards?
7th Pay Commission Latest News: 7th CPC may see changes in employee increment rule; promotion, salary hike to happen in this way 7th Pay Commission Latest News: 7th CPC may see changes in employee increment rule; promotion, salary hike to happen in this way
7th Pay Commission Latest News: From 4% DA hike to 18-month arrears, central employees to get these 4 benefits in August 7th Pay Commission Latest News: From 4% DA hike to 18-month arrears, central employees to get these 4 benefits in August
7th Pay Commission: It is final now! DA hike to be 4%; central employees set to benefit handsomely 7th Pay Commission: It is final now! DA hike to be 4%; central employees set to benefit handsomely

LATEST NEWS

Odisha Floods Latest News Today: CM Naveen Patnaik makes aerial survey, announces flood relief

Opening Bell: Market snaps 7-day gaining streak, Sensex down 180 points, Nifty below 17,900 – IT, Banks drag

Krishna Janmashtami 2022: Quotes, Wishes, Images, Status, Video and Messages to share with your loved ones

ICICI Bank share price hits new lifetime high; stock up 14.5% in 1 month – brokerages recommend Buy, check price target

Income Tax: How CBDT is streamlining the faceless assessment system for taxpayers - DETAILS

PNB customers ALERT! Do THIS before August 31 otherwise your bank account will be restricted

How Indian PC market grew in April-June 2022 quarter - Check IDC report

Will Sri Lanka's former President Gotabaya Rajapaksa return to island nation? His cousin Udayanga Weeratunga says this

Sovereign Gold Bonds Latest News: Series II to be available for subscription from 22 August, Monday; details - from discounts to price

Remembering Rakesh Jhunjhunwala: What new investors should learn from the Big Bull of India's stock market | Exclusive

  • India News
  • World News
  • Companies News
  • Market News
  • Personal Finance News
  • Technology News
  • Automobile News
  • Small Business News
  • Income Tax Calculator
  • Live TV
  • Videos
  • Photos
  • Author
  • Rss Feed
  • Advertise with us
  • Privacy Policy
  • Legal Disclaimer

Latest Trending Updates

  • EPFO
  • Budget 2020
  • Income Tax Return
  • Auto Expo 2020
  • Home Loan
  • Business News

Trending Topics

  • Income Tax
  • income Tax Calculator
  • 7th Pay Commission
  • Reserve Bank of India
  • GST
  • Latest Business News

Follow us on

zeebiz
zeebiz

Partner Sites

  • Zee News
  • Hindi News
  • Marathi News
  • Bengali News
  • Tamil News
  • Malayalam News
  • Gujarati News
  • Telugu News
  • Kannada News
  • DNA
  • WION
© 2022. India Dot Com Private Limited. All Rights Reserved.
LIVE TV