8th Pay Commission: New Pay Commission Before Government of India: Most recently, the Government of India took huge decisions in the favor of its employees, now it is regarding establishing the 8th pay commission because DA will be included in it. There are also speculations about salary enhancement among central employees by Government of India. According to reports, President has decided in the Parliament House to increase central employee salaries from 25 to 30 percent by Diwali. Let us have a brief understanding of the announcements made by government officials pertaining to the employees.
Eagerly Awaited For The Eighth Pay Commission
The salary of central employees is increased only after the formation of Pay Commission. For the employees, the very first Pay Commission was set up in 1946, after which all Pay Commission’s establishment aims at providing hikes in pay to the employees. Similarly, the Government of India constituted the Seventh Pay Commission in February 2014 and increased the salary of central employees. Socially, though, with persistent inflation, there has now been demand from employees to hike salaries, which has now brought deliberations towards the 8th pay commission.
Employees’ saltary Will Be Increased By 25 to 30%
A monumental decision was taken by the President within the Parliament of India regarding the Eighth Pay Commission from henceforth on the continuous increase of inflation across the nation and incessant demands by the central employees. After forming the Eighth Pay Commission, it is said that the salary of employees will increase by 25 to 30 percent. Employees are feeling overjoyed hearing this news of the formation of the Eighth Pay Commission because after 10 years the salary is increased. Let us tell you that after the formation of the Eighth Pay Commission, the first level salary for the employees increased to Rs. 34,350 and at the eighth level salary increased to Rs. 4.80 lakh.
Big Decision For Pensioners By The Central Government
By constituting the Eighth Pay Commission, the Central Government would have to hike the salary of the employees. At the same time, good news comes to the pensioners; as the pension amount to be given to the retired officers under the government will be hiked so that there will be a significant improvement in their financial condition. The government, however, would provide pension benefit only to those employees who had been in the Indian government service for more than 30 years. Thus, through growing pensions, condition for retired employees is bound to improve and they will not be financially weak.
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