Business

Centre Plans Risk Allowance For Govt Employees

New Delhi :The government will pay up to Rs 25,000 per month as risk allowance under the 7th Pay Commission, depending on the department and employee's length of service. The Central 7th Pay Commission had recommended a special allowance for central government employees that fall under the government's risk category. Now, the Centre has issued a notification to ascertain the number of employees that are eligible for the risk and hardship allowance under the 7th Pay Commission. The government has sought the list of eligible employees by August 20.

 For this, the government has reportedly decided to categorise the central government employees into three categories - high, medium and low. As per the report of the Central Government Allowance Committee, an employee below level 8 will get risk allowance of Rs 4,100 per month. The same for employees above level 9 will be Rs 25,000.

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IMF calls for connecting dots between sustainable finance and financial stability

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