Union Minister Ashwini Vaishnaw confirmed the choice and stated that the fee could be fashioned quickly to revise the pay construction for central authorities employees and pensioners.
In a significant resolution, the federal government on Thursday determined to arrange the eighth Pay Commission to revise salaries of central authorities employees and allowances of pensioners.
The resolution to arrange the eighth Pay Commission was taken by Prime Minister Narendra Modi, I&B Minister Ashwini Vaishnaw stated.
This proactive method will allow the federal government to implement the proposed adjustments successfully earlier than the seventh Pay Commission’s tenure ends. The pay fee performs a vital position in figuring out wage constructions, allowances, and different advantages for presidency employees, and its suggestions considerably affect thousands and thousands of employees and pensioners throughout the nation.
On X (previously Twitter), Prime Minister Modi shared the federal government’s assist for its workforce, writing, “We are all proud of the efforts of all Government employees, who work to build a Viksit Bharat. The Cabinet’s decision on the 8th Pay Commission will improve quality of life and give a boost to consumption.”
The announcement was made months after central authorities employees’ dearness allowance (DA) surpassed 50% of their base pay. Employees and pensioners of the central authorities began receiving 53% of their base pay as DA/aid on July 1, 2024, with the following revision scheduled for January 2025.
The present pay construction was carried out on January 1, 2016, per the seventh Pay Commission’s suggestions. With the institution of the eighth Pay Commission, it will likely be revised.
According to studies, the fitment issue, the first multiplier used to calculate salaries and pensions, might enhance from 2.57 to 2.86. However, the exact share of the pay enhance has not been made public. This may end in an enormous enhance within the minimal fundamental earnings for presidency employees, from Rs 18,000 to Rs 51,480.
The announcement of the eighth Pay Commission highlights that the federal government is dedicated to handle the monetary {and professional} wants of its workforce.
This announcement brings hope to central authorities employees who depend on pay commissions to make sure honest and well timed revisions to their compensation.
With the eighth Pay Commission set to start its work quickly, employees can anticipate an intensive assessment of their pay scales and advantages in step with evolving financial situations and authorities priorities.
(With inputs from ANI, PTI)
