8th Pay Commission for Central government employees approvedTop Stories

January 16, 2025 20:34
8th Pay Commission for Central government employees approved

(Image source from: The Economic Times)

The government has decided to implement the 8th Pay Commission to revise the salaries of millions of central government employees, as announced by Union Minister Ashwini Vaishnaw. This will lead to increased salaries and adjustments in the Dearness Allowance. The 8th Pay Commission will also revise the pensions and allowances for retired central government employees, who have been expecting this for a long time. The Cabinet approval for the 8th Pay Commission comes just before the 2025 Budget announcement. While the minister has confirmed the Cabinet's approval, the exact date for setting up the commission has not yet been announced, but it is expected to be formed by 2026. The 8th Pay Commission is likely to come into effect on January 1, 2026, with a chairman and two members soon to be appointed to oversee its implementation.

The government has approved the establishment of the 8th Central Pay Commission for all Central government employees. This new commission will be set up in 2025, ensuring that its recommendations are received well before the end of the 7th Pay Commission's term. The government will hold consultations with central and state governments, as well as other stakeholders, during the process. The 7th Pay Commission led to several changes, including an increase in the minimum basic pay for government employees from ₹7,000 to ₹18,000 per month, and a rise in the minimum pension from ₹3,500 to ₹9,000. The maximum salary also increased to ₹2,50,000, and the maximum pension to ₹1,25,000. The 7th Pay Commission was set up in 2016 and its term will end on December 31, 2025.

The government has decided to establish the 8th Pay Commission to update the salaries of federal government workers. This commission plays a vital part in defining wage structures, benefits, and other compensation for government staff, and its suggestions have a substantial effect on millions of employees and retirees nationwide. The government has more than 49 lakh workers and around 65 lakh retired people receiving pensions. Every 10 years, the Central Pay Commissions are formed to assess and propose changes to the pay, benefits, and allowances for government employees, taking into account various economic factors such as inflation. Since India's independence in 1947, the government has set up seven of these pay commissions. The pay commission's decisions on salary, benefits, and allowances are crucial for government employees, and most state-owned companies follow its recommendations.

If you enjoyed this Post, Sign up for Newsletter

(And get daily dose of political, entertainment news straight to your inbox)

Rate This Article
(0 votes)