8th Pay Commission: Big update for central govt staff! Clarity on formation of next pay commission may emerge next month

8th Pay Commission: The National Council of the Joint Consultative Machinery (JCM), the apex body in the JCM scheme which deals with various issues affecting central government employees, will reportedly hold a meeting next month.

The scheme of JCM is a platform for constructive dialogue between the representatives of the staff side and the official side for peaceful resolution of all disputes between the government as employer and the employees.

According to some reports, central government employee unions are hoping to get some clarity next month on the Centre possibly setting up the 8th Pay Commission.

As per the JCM scheme, ordinary meeting of the National Council/ Departmental Council may be held as often as necessary as but not less than once in four months.

The National Council of JCM is led by the Union Cabinet Secretary and includes representatives from recognized employee unions and service associations.

Also read: New NPS Monitoring Rule: NPS oversight mechanism to be set up! What it means for central govt employees

Shiv Gopal Mishra, secretary (staff side) of NC-JCM, reportedly said that a clarity on 8th Pay Commission’s formation is expected in the next month’s meeting. “We will definitely raise this matter,” he was quoted as saying in the report.

The National Council of the Joint Consultative Machinery (JCM) has already submitted two memorandums, seeking seetting up of the pay commission at the earliest.

The first memorandum was presented to Rajiv Gauba, the Union Cabinet Secretary during the Union Budget presentation in July. Mishra noted that the second memorandum was submitted to his successor, T.V. Somanathan, who assumed the role of Cabinet Secretary on August 30.

Ahead of the Union Budget 2024-25, presented in Parliament on July 23, various media reports speculated that the Centre might announce the formation of the 8th Pay Commission in the budget. However, this did not happen.

Although there were no announcements in the Budget, then Union Finance Secretary T V Somanathan, in a post-Budget interview, indicated that the government might make a decision on the matter in the near future. In an interview with a TV channel, Somanathan said that the next pay commission is due in 2026 and that there is still time, as we are currently in 2024.

Also read: Central govt pensioners eligible for additional pension after turning 80 – Check Centre’s new guidelines

“8th Pay Commission is due on January 1,

 » Read More

Related Articles

Zoho-backed Silectric to invest Rs 3,426 crore in Karnataka

Silectric Semiconductor Manufacturing, a venture backed by Chennai-based Zoho Corp, will invest Rs 3,425.6 crore to set up a manufacturing unit in Karnataka’s electronics manufacturing cluster at Kochanahalli, Mysuru. The project is expected to create 460 jobs. Also ReadFlying High: Adani Group to acquire 85.8% stake in Air Works for Rs 400 crore This investment

ReNew sells 300 MW solar asset in Rajasthan

ReNew Energy Global on Monday said it has sold its 300 MW solar project in Jaisalmer, Rajasthan, at an enterprise valuation of $176 million (nearly Rs 1,500 crore) to Anzen Energy Yield Plus Trust. The project has been operational for three years. The tariff for the 25-year power purchase agreement is Rs 2.55/unit.  Additional $17

Simplilearn cuts losses by 56 per cent on marginal revenue growth in FY24

Upskilling platform Simplilearn reduced its net losses by 56% to Rs 106.7 crore in FY24 from Rs 244.2 crore in FY23. Revenue from operations grew 9.6% to Rs 749.77 crore in FY24, from Rs 683.98 crore in FY23, according to financial statements filed with Registrar of Companies. The revenue growth came primarily from online self-learning

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Stay Connected

0FansLike
0FollowersFollow
0SubscribersSubscribe
- Advertisement -

Latest Articles

Zoho-backed Silectric to invest Rs 3,426 crore in Karnataka

Silectric Semiconductor Manufacturing, a venture backed by Chennai-based Zoho Corp, will invest Rs 3,425.6 crore to set up a manufacturing unit in Karnataka’s electronics manufacturing cluster at Kochanahalli, Mysuru. The project is expected to create 460 jobs. Also ReadFlying High: Adani Group to acquire 85.8% stake in Air Works for Rs 400 crore This investment

ReNew sells 300 MW solar asset in Rajasthan

ReNew Energy Global on Monday said it has sold its 300 MW solar project in Jaisalmer, Rajasthan, at an enterprise valuation of $176 million (nearly Rs 1,500 crore) to Anzen Energy Yield Plus Trust. The project has been operational for three years. The tariff for the 25-year power purchase agreement is Rs 2.55/unit.  Additional $17

Simplilearn cuts losses by 56 per cent on marginal revenue growth in FY24

Upskilling platform Simplilearn reduced its net losses by 56% to Rs 106.7 crore in FY24 from Rs 244.2 crore in FY23. Revenue from operations grew 9.6% to Rs 749.77 crore in FY24, from Rs 683.98 crore in FY23, according to financial statements filed with Registrar of Companies. The revenue growth came primarily from online self-learning

Fresh hikes to test FMCG pricing power

Rising raw material costs across the commodity spectrum may compel fast-moving consumer goods (FMCG) companies to hike prices, a standard response during inflationary cycles. However, the situation is more complex this time. Commodity inflation has emerged at an inopportune moment for FMCG firms. Urban demand remains weak, while rural markets are only beginning to recover. 

Discoms to miss target to cut A&T losses again

Even as the national Aggregate Technical & Commercial (AT&C) losses of electricity have reduced to 15.37% in  2023 from  27.8% in 2008-09, many states have continued to high losses even in the past five years. This may hamper the reduction of losses to 12-15% as targeted by 2024-25, according to a report by the Lok