8th Pay Commission: Finance Minister Nirmala Sitharaman is going to present the Union Budget 2024-25 on July 23. Before the budget, the central employees have placed their demands in the budget. Out of all the demands of the employees, the formation of the 8th Pay Commission is one of the most prominent demands
8th Pay Commission: Finance Minister Nirmala Sitharaman is going to present the Union Budget 2024-25 on July 23. Before the budget, the central employees have placed their demands in the budget. Out of all the demands of the employees, the formation of the 8th Pay Commission is one of the most prominent demands. Earlier on July 6, in a letter written to the Cabinet Secretary, the Confederation of Central Government Employees and Workers has placed its demands before the Budget 2024. Along with this, the employees’ union has also given a proposal to the government for the formation of the 8th Pay Commission. It is expected that the Modi government, which came to power for the third time, may announce the formation of the Eighth Pay Commission in the budget.
8th Pay Commission announcement possible in Budget 2024-25: Government employees may get good news
An important announcement may be made for government employees in Budget 2024-25. The central government has received the proposal of the 8th Pay Commission, which will review the existing salary, allowances and benefits of government employees and pensioners. This proposal has been sent to the government of Prime Minister Narendra Modi so that it can be included in the upcoming budget.
8th Pay Commission proposal
Shiv Gopal Mishra, Secretary, Joint Consultative Machinery for National Council of Employees Central Government Employees, has written a letter to the Cabinet Secretary demanding the formation of the 8th Pay Commission. A Central Pay Commission is constituted every 10 years, which reviews the salary structure, allowances and benefits of government employees and suggests necessary changes based on inflation.
Previous Pay Commission
The previous, 7th Pay Commission was constituted by former Prime Minister Manmohan Singh on 28 February 2014. Its recommendations came into effect from 1 January 2016. This will be the first time during the tenure of the current government that a new pay commission will be constituted. Normally, as per the interval of ten years, the 8th Central Pay Commission is proposed to start from 1 January 2026. However, the government has not yet made a formal announcement of this.
The government can make the announcement
With the formation of the 8th Pay Commission, central government employees and pensioners can get the benefit of a possible increase in their salary, allowances and pension. This will increase their purchasing power. This will improve the standard of living. The Modi government will have to ensure that the Pay Commission is constituted on time and its recommendations are in the interest of government employees and pensioners. The inclusion of this proposal in the Budget 2024-25 will send a positive message to the government employees and they will be able to get the benefit of the proposed changes of the Pay Commission on time. Positive changes can be expected in the lives of government employees and pensioners with the announcement of the 8th Pay Commission in the Budget 2024-25.
Also Read-
- ITR Refund Update: After how many days of filing ITR do we get refund, what to do if it does not come?
- ITR Filing: Tax deductions for disability treatment expenses, know how to get benefit
- ITR Filing: Download Form 16A from the website of SBI, HDFC Bank, ICICI Bank, know process
We have taken all measures to ensure that the information provided in this article and on our social media platform is credible, verified and sourced from other Big media Houses. For any feedback or complaint, reach out to us at businessleaguein@gmail.com
