Govt Gives Approval To 8th Pay Commission- Full Details

The government has officially approved the formation of the 8th Pay Commission, a move eagerly awaited by thousands of central government employees and pensioners. Union Minister Ashwini Vaishnaw confirmed the development on Thursday, signaling the start of a long-anticipated process that will impact salaries and benefits for a significant portion of the workforce.

Currently, the 7th Pay Commission is in operation, with a new commission typically being established every ten years. As the deadline for the 7th Pay Commission approaches, there has been growing speculation and expectation among government employees regarding the creation of its successor.

The establishment of the 8th Pay Commission is expected to bring substantial revisions to pay scales, pensions, and other employee benefits. With the new commission expected to be formed ahead of the budget, employees are hopeful that its recommendations will be factored into the next fiscal year's financial planning.

"Many employees are eagerly waiting for an announcement in the upcoming budget, hoping for positive changes," said a government official familiar with the discussions. "The formation of the 8th Pay Commission will provide the necessary framework to revise the compensation structure, which is due for an overhaul."

The decision to form the 8th Pay Commission comes at a crucial juncture, as the country looks towards a more robust economic recovery and ensures that central government employees' compensation aligns with the evolving economy.