8th Pay Commission Latest Update: It has been almost 8 years since the 7th Pay Commission was implemented. It came into effect from January 1, 2016. Under this, the minimum salary of central employees was fixed at Rs 18,000 and the maximum at Rs 2.5 lakh.
8th Pay Commission Latest News: The 8th Pay Commission has been discussed for a long time regarding central employees. Everyone wants to know when the government will bring the next pay commission and how much will it increase the salary of the employees. On this, an important statement has come from the government in the Lok Sabha (Pankaj Chaudhary’s Lok Sabha statement), which has given a new direction to these discussions.
Government’s stand on 8th Pay Commission
In response to written questions in the Lok Sabha on December 3, 2024, Minister of State for Finance Pankaj Chaudhary said that at present the government has no proposal to bring the 8th Pay Commission (8th Pay Commission implementation update). He clarified that the salaries and allowances of the employees are being decided as per the recommendations of the 7th Pay Commission and no plan has been made yet to form the next Pay Commission. This statement of the government puts an end to all the news and speculations in which it was being claimed that the 8th Pay Commission could be formed soon.
What is the situation after the 7th Pay Commission?
It has been almost 8 years since the 7th Pay Commission was implemented. It came into effect from January 1, 2016. Under this, the minimum salary of central employees was fixed at Rs 18,000 and the maximum at Rs 2.5 lakh. However, in view of the rising inflation and standard of living, employee organizations have been demanding the 8th Pay Commission for a long time. But this statement given by the government has made it clear that there is no such plan right now.
Dearness Allowance (DA) is the only hope
At present, central employees are given relief in their salary through Dearness Allowance (DA). The government revises DA every six months, which increases their salary. At present, the DA of central employees is at 53%, and it may increase to 56% in January 2025 next year. Dearness allowance helps to relieve employees from the brunt of inflation, but the expectations of the 8th Pay Commission are still unfulfilled.
What do employee organizations say?
Many employee organizations have put pressure on the government to demand the 8th Pay Commission. They say that due to rising inflation, the recommendations of the 7th Pay Commission are no longer sufficient for the employees. Apart from this, they also want the salary revision formula to be changed, so that employees can get the benefit of salary revision in 5 years instead of every 10 years.
What does the government statement say?
The government has made it clear that at present the formation of a new pay commission is not its priority. The government has said that relief is being given to the employees through dearness allowance and other allowances.
Is the hope of 8th Pay Commission completely over?
Although the government has not made any proposal yet, the situation may change in the coming time. If the employee organizations maintain pressure and the economic condition improves, then the 8th Pay Commission can be considered.
Related Articles:
Bank FD Rates: These banks are offering 9.5% interest on fixed deposits, check FD details
https://www.businessleague.in/income-tax-rule-on-fd-these-2-forms-do-not-allow-tax-on-fd-if-you-have-invested-then-understand-when-and-how-to-use-them/
