8th Pay Commission

8th Pay Commission news: Prime Minister Narendra Modi-led Union Cabinet on Thursday approved the constitution of the 8th Pay Commission, sources told TOI. I&B minister Ashwini Vaishnaw said that the Chairman and two members for the same will be appointed soon.
The Pay Commission decides the salary and compensation of central government employees, and with the 8th Pay Commission, they can look forward to a salary hike.

Ashwini Vaishnaw said that the 7th Pay Commission, implemented from 2016 is valid till 2026. Ahead of that the government has approved the constitution of the 8th Pay Commission so that recommendations are made in a timely manner and can be implemented from 2026 onwards, Vaishnaw said.
More than one crore central government employees and pensioners eagerly await the establishment of the 8th Pay commission, which will review and revise their basic pay, allowances, pension and additional benefits.
Ashwini Vaishnaw said that 7th Pay commission’s recommendations have been put into effect. Additional details about the 8th Pay Commission, including its membership, will be announced by the government at a later date.
The implementation of the Seventh Pay Commission led to substantial modifications in salary structures, allowances and pensions for central government employees, ensuring equitable compensation for both serving staff and retired personnel.
The Central Pay Commissions are typically set up once every decade to evaluate and suggest modifications to pay scales, allowances and benefits for central government employees, considering various economic indicators including inflation.
The 7th Pay Commission, which was established by then Prime Minister Manmohan Singh on February 28, 2014, delivered its findings on November 19, 2015, with the changes taking effect from January 1, 2016.
Following this schedule, the 8th Pay Commission’s recommendations would likely come into force from January 1, 2026. Similar to previous commissions, it is expected to bring revisions in salaries, including changes to Dearness Allowance (DA) and Dearness Relief (DR) for pensioners.
This story is being updated Republished. Link to Original Article: https://timesofindia.indiatimes.com/business/india-business/8th-pay-commission-latest-news-cabinet-approves-constitution-of-8th-pay-commission-details-here-all-you-need-to-know/articleshow/117296051.cms