A long-awaited 8th Pay Commission was approved by Prime Minister Modi and his cabinet on Thursday, 16 January 2025. The salary hike as per the recommendations of this pay commission will benefit 50 lakh government employees and 65 lakh pensioners.
On Thursday itself, Ashwini Vaishnav shared the information that the Cabinet has approved the formation of the Eighth Pay Commission.
What is 8th Pay Commission?
A Pay Commission is appointed by the Indian government and recommends salary and dearness allowances of Central government employees and pensioners allowances. The 8th Pay Commission will propose changes in the beneficiary wage and pension structure, which will lead to an increase in the remuneration and allowances benefiting employees and pensioners.
Who will benefit from the 8th Pay Commission and why is it important?
Revising Salaries: The 8th Pay Commission will provide an opportunity for the salaries, allowances, and pensions of central government employees and pensioners to be updated. The commission will also take into account economic growth, inflation, and shifting job responsibilities.
Key Changes introduced by the 7th Pay Commission
The 7th Pay Commission, which was applied on January 1, 2016, made even more revolutionary changes: Salary Structure: The minimum basic salary was raised to ₹18,000 by a fitment factor of 2.57, ending up with a salary hike of 23%–25% on average among different categories of employees.
8th Pay Commission Salary
After the formation of the Eighth Pay Commission, the question running in everyone’s mind is what will be the salary after the recommendation of this commission. But it would be too early to say what the salary structure will be but it is expected that this time there will be a good increase in the salary under the Modi Government.
When was the 8th pay commission due?
Shri Ashwini Vaishnav said that the chairman and two members of the commission will be appointed soon. The commission will submit its report whenever it wants but it will be implemented from 1 January 2026.
WHAT TO EXPECT FROM THE 8TH PAY COMMISSION?
Although the government has not yet clarified what the fitment factor will be, whether it will increase from 2.57 to 2.86. if the fitment factor becomes 2.86 then the minimum salary which is currently Rs 18000 will increase to Rs 51480.
The gift that the government has given to government employees by approving the formation of the Eighth Pay Commission is commendable. Although how much the salary will increase is a matter of the future, but how much do you expect from this pay commission, you can tell by commenting on this post.