Good news for Govt employees! 8th Pay Commission proposal received, this will be the salary structure

8th Pay Commission: There is sweet news for authorities workers. The central authorities has acquired a proposal to kind the Eighth Pay Commission earlier than the full funds of 2024. It is anticipated that the authorities can begin discussions on this proposal earlier than the funds. 8th Pay Commission by this yr..

There is sweet news for authorities workers. The central authorities has acquired a proposal to kind the Eighth Pay Commission earlier than the full funds of 2024. The proposal of the 8th Pay Commission has been despatched to the Modi authorities. So that the Pay Commission can evaluate the fundamental salary, allowances, pension and different advantages for central authorities workers and pensioners. The funds will be offered at the finish of July. In such a scenario, it’s anticipated that the authorities can speak about the proposal of the 8th Pay Commission in the funds.

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Modi authorities acquired the proposal of 8th Pay Commission

Shiv Gopal Mishra, Secretary, National Council of Employees’ Side, Joint Consultative Machinery for Central Government Employees, has written a letter to the Cabinet Secretary, urging the authorities to present precedence to the formation of the 8th Pay Commission. A Central Pay Commission is constituted each 10 years. It examines the current salary structure, allowances and advantages of central authorities workers, suggests crucial adjustments based mostly on elements resembling inflation.

Government will represent 8th pay fee

The seventh Pay Commission was launched by former Prime Minister Manmohan Singh on 28 February 2014. Its suggestions got here into impact from 1 January 2016. This will be the first time a brand new pay fee will be constituted throughout the tenure of the Modi authorities. As per the standard ten-year interval, the 8th Central Pay Commission is proposed to start from 1 January 2026. However, the authorities has not but introduced its formal formation.

Also Read: Employees Salary Hike: Govt introduced to extend the salary of those workers – see particulars

Hopes tied to return for the third time

With the Lok Sabha elections 2024 over and Prime Minister Narendra Modi returning for the third consecutive time period, over 1 crore central authorities workers are ready for an replace on the 8th Central Pay Commission. Mishra mentioned that whereas inflation was round 4% to 7% earlier, it has elevated to a median of 5.5% after Covid. Mishra mentioned that post-Covid inflation is larger than pre-Covid ranges. If we examine the retail costs of important commodities and objects wanted for day by day life from 2016 to 2023, they’ve elevated by greater than 80% in line with the native market. Only about 46% of dearness allowance was given until 1/7/2023. It is at present at 50 %.

Will this be the salary structure?

Mishra has really useful periodic evaluate of the pay matrix as an alternative of ready for a decade. Now there’s a want to alter the pay fee in view of inflation. Mishra highlighted that whereas DA for authorities workers and pensioners reached 50% from January 1, 2024, no resolution has been taken to revive pension below CCS (Pension) Rules, 1972 (now 2021) for these recruited after January 1, 2004. The salary structure of the 8th Pay Commission can be to be mentioned.

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