Prime Minister Narendra Modi has approved the $8th Pay Commission, a landmark move to revise the salaries of 5 million central government employees and enhance allowances for 6.5 million pensioners. This decision is expected to stimulate consumption and improve living standards for millions of government workers across India.
Sharing the development on social media, PM Modi praised government employees for their contributions toward building a “Viksit Bharat” and emphasized how the new pay panel will positively impact quality of life and consumption patterns.
The announcement was made by Information and Broadcasting Minister Ashwini Vaishnaw, who stated that the chairman and two members of the $8th Pay Commission would be appointed soon. The government will also hold consultations with central and state authorities and other stakeholders to ensure smooth implementation.
The $8th Pay Commission will begin its term in 2025, providing recommendations well ahead of the 7th Pay Commission’s term, which ends in 2026. The pay commission has been instrumental in shaping salary structures and allowances for government employees, with most state-owned organizations following its recommendations.
The 7th Pay Commission, established in 2014, implemented its recommendations on January 1, 2016. With this new initiative, the government aims to address the financial needs of its employees while reinforcing its commitment to their welfare.
