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Home Personal Finance 8th Pay Commission: Before the general elections, the government gave a big...

8th Pay Commission: Before the general elections, the government gave a big update on the 8th Pay Commission.

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8th Pay Commission: Good news for employees and pensioners! Latest update on 8th Pay Commission, know how much salary will increase if implemented?

8th Pay Commission: The Central Government constitutes a Pay Commission every ten years. The Seventh Pay Commission was set up in 2014 and its recommendations came into effect in 2016. Now the employees are waiting for the eighth pay commission. The government has given an update in this regard in the Parliament.

8th Pay Commission: To make changes in the salary structure of central employees, the government constitutes a Pay Commission every ten years. The salaries of central employees are decided on the basis of its recommendations. So far seven pay commissions have been formed. The first pay commission in the country was formed in January 1946. Similarly, the previous i.e. seventh pay commission was constituted on February 28, 2014. The recommendations of this commission were implemented in the year 2016. Now the central employees are eagerly waiting for the eighth pay commission. It was believed that he might get good news in the election year. But the government has once again made it clear that at present it does not have any proposal under consideration to create an eighth pay commission.

Minister of State for Finance Pankaj Chaudhary said in response to a written question in the Rajya Sabha on Wednesday that the government has no proposal under consideration for the formation of the 8th Pay Commission. The government has already said many times that there should be no need to constitute another Pay Commission to review the salaries, allowances and pensions given to central employees and pensioners as per the recommendations of the Seventh Pay Commission. But work should be done on a new system to review and amend the pay matrix. The government is working on a system by which the salary of employees will increase on the basis of their performance.

DA’s announcement

Organizations associated with employees and pensioners are expected to constitute the eighth pay commission. At present there are about 48.62 lakh central employees and 67.85 lakh pensioners in the country. The government may soon announce dearness allowance for central employees. Dearness allowance is increased twice a year. Similarly, pensioners get dearness relief. The first increase in DA is for the period from January to June while the second will be for the period from July to December. Currently it is 46 percent of the basic salary.

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