Big disappointment for central govt employees awaiting 8th Pay Commission! FinMin says THIS

In a major letdown for over 1 crore central government employees and pensioners, the Union Finance Ministry has confirmed that no proposal is under consideration for setting up the 8th Pay Commission.

Responding to a question in the Rajya Sabha, Pankaj Chaudhary, Minister of State in the Ministry of Finance, categorically said that there is currently no proposal under consideration for the formation of th 8th Central Pay Commission.

The query raised by parliamentarians Javed Ali Khan and Ramji Lal Suman sought clarity on whether the Centre was considering any announcement regarding the new pay commission in the Union Budget 2025-26, likely to be presented on February 1, 2025.

Also Read Potka Election Results 2024: Winner, Runner-up, Past Polls Decision, Candidates List & More Nirsa Election Results 2024: Winner, Runner-up, Past Polls Decision, Candidates List & More ICSI CSEET Result 2024: CSEET November results declared – Check score now at icsi.edu  L&T’s Energy CarbonLite Solutions vertical bags LNTP for thermal power plants in Madhya Pradesh, Bihar

The question also touched upon whether the union government’s fiscal condition was a constraint in revising pay scales. However, since no proposal is currently under consideration, the Minister clarified that this issue does not arise.

Also read: 7th Pay Commission: With DA at 53%, 2 key allowances increased by 25% for THESE govt employees – Check guidelines

Major disappointments for central govt employees and pensioners

This development will surprise and at the same time disappoint around 50 lakh serving central government staff and around 67 lakh pensioners, who were expecting the Modi government to come out with some favourable news for them in the upcoming Budget.

There were widespread expectations of an announcement regarding the setting up of the 8th Pay Commission in the February Budget, with the assumption that its recommendations would be implemented from January 1, 2026. Historically, the Centre has established a new pay commission every 10 years. If the 7th Pay Commission follows the same timeline, its term will end on December 31, 2025.

What lies ahead for central govt employees and pensioners?

Although the finance ministry has clarified that no proposal is currently under consideration to set up a new pay commission, central government employees and retirees should not lose hope, as there is still time until the assumed end of the 7th Pay Commission’s term in December 2025.

 » Read More

Related Articles

Spencer’s Retail forays into q-commerce with JIFFY

Spencer’s Retail, the retail arm of the RP Sanjiv Goenka group, entered the quick commerce sector with JIFFY, its new online platform, on Thursday, starting with Kolkata. The operation will eventually be rolled out to other parts of West Bengal, followed by Uttar Pradesh (UP). The retailer currently has a total of 89 stores in

Amazon to buy BNPL startup Axio

E-commerce giant Amazon is set to acquire Indian startup Axio, an online lending platform offering point-of-sale financing. Amazon first invested in Axio during its Series C funding round six years ago and currently holds an 8% stake in the company. “In December, after the successful completion of due diligence, we signed an agreement with Amazon

RIL Q3 Results: 3 things to know about Q3FY25 earnings at this hour

Mukesh Ambani-led and oil and gas major, Reliance Industries has declared its quarterly earnings. The company’s profit jumped 11.7% YoY to Rs 21,930 crore from Rs 19,641 crore. The big contribution came from he company’s digital services and festive demand for the retail business. Even for the Oil and gas business, it was a steady

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Stay Connected

0FansLike
0FollowersFollow
0SubscribersSubscribe
- Advertisement -

Latest Articles

Spencer’s Retail forays into q-commerce with JIFFY

Spencer’s Retail, the retail arm of the RP Sanjiv Goenka group, entered the quick commerce sector with JIFFY, its new online platform, on Thursday, starting with Kolkata. The operation will eventually be rolled out to other parts of West Bengal, followed by Uttar Pradesh (UP). The retailer currently has a total of 89 stores in

Amazon to buy BNPL startup Axio

E-commerce giant Amazon is set to acquire Indian startup Axio, an online lending platform offering point-of-sale financing. Amazon first invested in Axio during its Series C funding round six years ago and currently holds an 8% stake in the company. “In December, after the successful completion of due diligence, we signed an agreement with Amazon

RIL Q3 Results: 3 things to know about Q3FY25 earnings at this hour

Mukesh Ambani-led and oil and gas major, Reliance Industries has declared its quarterly earnings. The company’s profit jumped 11.7% YoY to Rs 21,930 crore from Rs 19,641 crore. The big contribution came from he company’s digital services and festive demand for the retail business. Even for the Oil and gas business, it was a steady

8th Pay Commission announced! What will be revised salaries, pensions for central govt employees?

8th Pay Commission salary revision: In a major relief for about 1.2 crore central government employees and retirees, the Modi government on January 16 announced the approval of the 8th Pay Commission. On the Union Cabinet’s nod for the next pay panel, Union Minister Ashwini Vaishnaw said that PM Narendra Modi has approved the 8th

ISB Prof on Hindenburg closure: “Reinforces faith in Indian Institutions”

The news about the move by the founder of the US-based short seller Hindenburg Research to disband the entity apparently has huge implications for India and especially for its regulatory institutions. “This is a very important development and will play a role in reinforcing the faith in the Indian regulatory institutions,” says Prasanna Tantri, associate