8th pay commission, Salary Increase In 8th Pay Commission, para 1.22 of 7th pay commission, and more.

In this article, there will be information regarding the new updates of 8th pay commission. What is 8th pay commission? How Much Salary Increase In 8th Pay Commission? What is mentioned in Para 1.22 of 7th pay commission? What is DA? And many more, let’s find out!

What is 8th pay commission?

Commission and changes in salary structure of central employees . The government constitutes a pay commission every 10 years . The upcoming update of salary and commission will be 8th pay commission.
The 7th pay commission was constituted in 2014 and it’s recommendations were implemented in 2016.
Rajya Sabha MP Ramnath Thakur also asked written questions to Finance Ministry regarding 8th pay commission. In response to the questions, State Minister of Finance Pankaj Chaudary said, there is no such proposal under consideration before the government yet.

What is Da?

Dearness allowance (Da) is a cost of living adjustment that the government pays to public sector employees and pensioners.

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What is mentioned in para 1.22 of 7th pay commission?

Central employees have recently been given a raise in their Dearness Allowance(Da) with a 4% increase.
Referring to Para 1.22 of 7th pay commission, The Rajya Sabha MP also asked the questions regarding this, in para 1.22 of 7th pay commission it has been recommended to review the fitment factor after 5 years. This might be the possibility of payment increase in 8th pay commission.

Latest news of 8th pay commission.

The central government employees are waiting for the announcement of pay increase in 2024 from 8th pay commission. There is hope from Lok Sabha elections in 2024 which may lead to the implementation of new 8th pay commission.The Modi government is expected to roll out the 8th pay commission in 2024 and implementation might start from 2026. But there is no official information out yet from the Central Government.

How much possible increase in salary in 8th commission?

8th pay commission implementation year is 2026 but the announcement of 8th pay commission is expected in 2024.
Employees are excited regarding the updates as 8th pay commission is going to be a salary boost for all central employees.
The reports suggest that the Yojana will be boosting the financial assest by 25% leading to a multiplication of pay by around 20-25%.

According to the data, there are approximately 48.62 lakh central employees and 67.85 lakh pensioners, who will be benefitted from the 8th pay commission. The government is also considering ways to curb the inflation without creating a new pay commission, their goal is to maintain fiscal sustainability and balance employees finances by ensuring fairness to both employees and contractors.

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