Home » State News » Odisha government announced a hike in the House Building Advance for the State government employees

Odisha government announced a hike in the House Building Advance for the State government employees

Bhubaneswar:12/7/22: The Odisha government on Tuesday announced a hike in the House Building Advance (HBA) for the State government employees.

As per the Odisha government’s decision, the HBA has been increased from Rs 25 lakh to Rs 40 lakh and such decision has been taken as per the recommendations of the Seventh Pay Commission.

According to a release issued by the CMO, the government also fixed the rate of interest on HBA at 8 per cent. The loan will be disbursed to the government employees in two phases in 60-40 ratio.

As per the House Building Advance rules 2020, loan up to up to Rs 25 lakh was paid at 11.5 % interest rates. Now the assistance will be extended to all the employees under the National Pension Scheme and the permanent employees, the release read.

About Editor in chief

Ashok Palit has completed his graduation from Upendranath College Soro, Balasore and post graduation from Utkal University in Odia Language and literture.. He has also carved out a niche for himself as a scribe of eminence after joining the profession in 1988. He is also an independent media production professional. He brings loads of experience to Advanced Media, Ashok Palit as a cineaste has been active in film criticism for over three decades. As a film society activist, he soared to eminence for his profound commitment to the art film appreciation and aesthetics of cinema. His mode of discourse is often erudite but always lucid and comprehensible marked by a perfect acumen so rare in the field. A film aesthete with an immense fond of critical sensibilities, he wrote about growth and development of odia cinema in New Indian Express, The Times of India, The Hindustan Times, The Asian Age and Screen. He has been working as an Editor for Cine Samaya from 2002-2004.. He had made solid contribution on cinema in many odia Dailies and weekly such as Samaj, Prajatantra, Dharatri, Samaya, Satabadi, and weekly Samaya.
x

Check Also

Bhubaneswar Municipal Corporation has prepared four temporary ponds to minimise riverine pollution

Bhubaneswar:6/10/22: The Bhubaneswar Municipal Corporation (BMC) has prepared four temporary ponds to minimise riverine pollution caused by the immersion of idols. Two numbers at Kuakhai riverside – near Bhubaneswar bank, ...