ADVERTISEMENT
7th Pay Commission: How HRA Structure Has Impacted Inflation
7th CPC has impacted CPI by nearly 35 basis points at its peak, said RBI The revised HRA structure under the 7th CPC, came into place in July 2017 HRA stood revised by 105.6%, that is, by more than double pre-CPC level
11 May 2018, 02:31 PM IST 
7th pay commission: As per the recommendations, the basic pay rose by a factor of 2.57.
United Nations' "Economic And Social Survey Of Asia And The Pacific 2018", which was released recently, said that inflation accelerated in 2017 mainly as a result of increased food and fuel prices following severe floods in several countries and rising global oil prices. In India, the report noted, higher inflation was also due to the housing rent allowances (HRA) for government employees recommended by the 7th pay commission. While ...
