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Eighth Pay Commission
Context
The government has approved the formation of the Eighth Pay Commission for central government employees.
What is the 8th Pay Commission?
- The Pay Commission is responsible for determining the salaries, allowances, and pensions of central government employees and pensioners.
- It plays a crucial role in setting the financial terms for the workforce of the government.
- The recommendations made by the Pay Commission generally lead to increased salariesand other benefits.
- Timeline for the 8th Pay Commission:
- The 7th Pay Commission was implemented in 2017, and its recommendations were effective until 2026.
- The 8th Pay Commission will be formed before 2026, and its recommendations are expected to be implemented from January 1, 2026.
- Impact of the 8th Pay Commission:
- The 8th Pay Commission will benefit approximately 4.5 million central government employees and 6.8 million pensioners, including defence personnel.
- In Delhi alone, about 400,000 employees (including those from the Delhi government) will also be affected.
- This move is also timed strategically before the Delhi Assembly elections on February 5, which could have political and economic significance.
- The increased expenditure due to the pay commission is expected to lead to a boost in consumption, stimulating economic growth, just like the 7th Pay Commission did, which resulted in an increase of Rs 1 trillion in expenditure.
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