What is rental ceiling allowance?
Prime Minister of Imran khan has finally approved the rental ceiling amount of government employees up to 44pc which is truly an enough increase in salary. This allowance is only applicable to all the federal govt servants from BPS-01 to BPS-22.
Who is the current Minister of State for Housing and Works?
Maulana Abdul Wasay, Federal Minister, Ministry of Housing and Works chaired executive board meetings of the Pakistan Housing Authority Foundation (PHAF) and Federal Government Employees Housing Authority (FGEHA).
Is conveyance allowance increase in Budget 2022?
100% Increase of Conveyance Allowance 2022:
Conveyance allowance will be enhanced by 100% with effect from 1stJuly 2022.
Why is a rent ceiling policy inefficient?
A rent ceiling creates inefficiency because at the quantity of apartments that are rented, the marginal social benefit exceeds the marginal social cost. Rent ceilings are unfair under the “fair rules” approach because rent ceilings prevent voluntary transactions.
How many members are in the cabinet?
Currently, the council is headed by prime minister Narendra Modi and consists of 31 members, including the prime minister. The council is subject to the Parliament of India.
What is the role of Ministry of Housing and Works?
The Ministry is responsible for acquisition and development of sites as well as construction and maintenance of Federal Government buildings. It is actively involved in the coordination of civil works, budget, fixation and recovery of rents from Government owned / hired and requisitioned buildings.
What is basic pay scale?
Basic Pay is a standard rate of pay which is given to the government employees before the allowances. This rate is set according to the government pay scales as prescribed by Finance Department.
What is salary conveyance allowance?
Conveyance allowance is given an exemption of up to Rs. 19,200 per annum or Rs. 1,600 per month. The sections under which this exemption is applicable are Section 10(14)(ii) of Income Tax Act and Rule 2BB of Income Tax Rules.
What is minimum price?
A minimum price is the lowest price that can legally be set, e.g. minimum price for alcohol, minimum wage.
What causes rent to increase?
Rising rents are largely a byproduct of limited supply and high demand across the rental market.
Who is the head of the cabinet?
The Cabinet Secretariat functions directly under the Prime Minister. The administrative head of the Secretariat is the Cabinet Secretary who is also the ex-officio Chairman of the Civil Services Board.
What are the 15 cabinet positions?
The Cabinet includes the Vice President and the heads of 15 executive departments — the Secretaries of Agriculture, Commerce, Defense, Education, Energy, Health and Human Services, Homeland Security, Housing and Urban Development, Interior, Labor, State, Transportation, Treasury, and Veterans Affairs, as well as the …
What is g13 project in Pakistan?
Federal Government Employees Housing Foundation (FGEHF) intends to launch Lifestyle Residency Project consisting of 2,820 apartments with all basic facilities in Sector G 13 of Islamabad. The FGEHF was set up in March 1990, and registered as a company limited by guarantee under the Companies Ordinance, 1984.
Who is the Deputy Minister for Works and Housing?
Hon. Abdulai Abanga is a Deputy Minister for Ministry of Works and Housing and a Member of Parliament for the Binduri Constituency in the Upper East Region since 7th January 2021 and currently serves on the Committee on Government Assurance as the Vice Chairman.
What is the salary of BS 17 in Pakistan?
The salary chart is from BPS-01 to BPS-20 employees in Pakistan.
Salary Chart of New Appointed Employees in 2022-23 Pakistan.
|Basic Pay Scale No||Gross Salary|
|Salary of BPS-14||38556|
|Salary of BPS-15||40666|
|Salary of BPS-16||49062|
|Salary of BPS-17||75272|
What is the maximum limit of basic salary?
Usually, the basic salary is 40% to 50% of CTC (Cost to Company). Statutory components such as bonus, PF, gratuity, and other benefits are determined on the basis of the basic salary.
What is the maximum limit of conveyance allowance?
Lower of 70% of such allowance or INR 10,000 per month. For salaried individuals, the exemption limit of conveyance allowance is set at Rs 1,600 per month.
How is basic salary calculated?
Basic salary = Gross pay- total allowances (medical insurance, HRA, DA, conveyance, etc.)
What are minimum price laws?
A minimum floor price law (MFPL)* is one strategy to increase prices. An MFPL sets a price below which the product cannot be sold. For some products, an MFPL may need to be paired with a packaging size requirement to ensure application of clear floor prices.
What is maximum price ceiling?
Maximum price ceiling refers to the maximum price of a commodity that the sellers can charge from buyers. Often, this price is fixed by the government to be lower than the equilibrium market price so that the commodity remains within the reach of the poorer sections of society.
How much should rent go up each year?
Changes to your rent
This year, the rules say rents can be increased by last September’s Consumer Price Index (CPI), plus an extra 1%. The CPI is a common measure of inflation and in September 2021 was 3.1%. This means that most rents will increase by 4.1% from April 2022.
What city has highest rent?
1. San Francisco. At number one on the list, this California city has an average rent of $3,500 for a one-bedroom apartment. San Francisco has long been one of the most expensive rental markets in the US, and it shows no signs of slowing down.
How long can a minister stay in office?
As per Article 75, the Minister shall hold office during the pleasure of the President. He usually stays in office for a period of five years as long as he enjoys the confidence of the Lok Sabha.
Who protects Cabinet members?
Today, the Secret Service’s mission is two-fold: protection of the president, vice president and others; and investigations into crimes against the financial infrastructure of the United States.
What does every Cabinet member do?
The Cabinet’s role is to advise the President on any subject he or she may require relating to the duties of each member’s respective office.