8th Pay Commission Set to Revamp Salaries and Boost Life Quality for Central Government Employees

India: In a landmark decision, Prime Minister Narendra Modi announced the approval of the 8th Pay Commission by the Union Cabinet on Thursday, signaling an overhaul of the salary structure for central government employees. The decision aims to improve the quality of life for over 49 lakh government employees and 65 lakh pensioners, as well as stimulate consumption across the country.

The Prime Minister emphasized that the move would not only benefit employees but would also fuel economic growth, driving consumption and improving living standards. "We are all proud of the efforts of government employees, who play a key role in building a Viksit Bharat (Developed India)," Modi shared on X (formerly Twitter).

The 8th Pay Commission will revise the salaries of central government employees and pensions of retirees, offering hope for better financial well-being. Although the new commission's chairperson and members will be appointed shortly, consultations with central and state governments will shape its recommendations.

The concept of the Pay Commission has existed since 1957, with its purpose being to set salary and pension structures for the country's civil services, which include employees on the government's payroll. This move impacts approximately 49 lakh government staff and nearly 65 lakh pensioners.

For context, the 7th Pay Commission, which was set up in 2016 and has its term running until 2026, introduced a minimum basic pay of ₹18,000 and pensions of ₹9,000, alongside major adjustments in salary revisions, with a fitment factor of 2.57.

Stay tuned for more developments as the 8th Pay Commission is poised to shape a better future for central government employees!