Small Family Norms – Central Government Employees are entitled for Family Planning Allowance as well as Rebate on HBA
RBI de-regulated Home Loans interest rates to provide competitive environment in banking sector
Central Government Employees House Building Advance (HBA) – Ministry of Finance releases interest Rate for HBA for the year 2012-2013 No.5(3)-B(PD)/2012 Government of India Ministry of Finance Department of Economic Affairs (Budget Division) Room No. 263-B, North Block, New Delhi dated the 3rd January, 2013. Office Memorandum The undersigned is directed to state that the […]
House Building Advance Scheme to State Government Employees – Extension of date for encashment – HBA allotments 2012-13 —Instructions issued
Consequent upon the revision of Pay Scales of the State Government Employees w.e1.1.1,2006, the matter regarding revision of the rates/ entitlements/ limits of the House Building Advance to the State Government employees was under consideration of the Government.
The maximum loan amount that can be granted to Central Government Employees under House Building Advance Rules after implementation of Sixth Pay Commission Recommendations is Rs.7.5 Lakhs.
It is a fact that after implementation of Sixth Pay Commission recommendations House Building Advance (called as HBA) granted to by Central Government to its employees lost its charm as it is no longer a house loan commensurate with the present cost of construction.
Even after two full years are over from the date when Government received the recommendations of Sixth Pay Commission, the modalities for Housing Loan proposed by 6cpc are yet to be framed.