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    Limited changes to the Dearness Allowance; no plans to establish an 8th pay commission

    The state minister for finance, told the Lok Sabha on Monday that the establishment of the 8th
    Pay Commission for central government employees is not something the administration is
    contemplating.


    In response to a question about how the government intended to ensure that the 8th Central
    Pay Commission for central government employees would be established in time to take effect
    on January 1, 2026, Chaudhary stated in a written response that “no such proposal is under
    consideration by the government.”


    He explained that dearness allowances (DA), which are paid to employees of the government to
    make up for the loss in the real value of their salaries as a result of inflation, are periodically
    adjusted every six months based on the rate of inflation as measured by the All India Consumer
    Price Index for Industrial Workers published by the Labour Bureau.


    In February 2014, the 7th Pay Commission was established by the government. The panel’s
    suggestions took effect on January 1st, 2016.


    What is a Pay Commission?


    The government has established the Pay Commission as a body to provide suggestions for
    adjustments to the pay scale for public servants. It was first established in January 1946, and
    Srinivasa Varadachariar served as its chairman. Its report was presented in May 1947.


    Typically, the commission has 18 months to present its recommendations. It examines the wage
    system of both the civil and military branches of the Indian government and offers
    recommendations. Its main office is in Delhi.


    The suggestions are based on a number of variables. In the report of the commission, the
    dearness allowance (DA), fitment factor, and basic pay are examined.


    The 7th Pay Commission was introduced in 2013, according to the then-finance minister, P
    Chidambaram. To lead the commission, Justice AK Mathur was selected.


    The Narendra Moda administration agreed to the commission’s recommendations on June 29,2016, raising staff salaries by 14%.

    Additionally, beginning November 9, 2017, government personnel can now borrow up to 2.5
    million rupees instead of the previous 7.5 lakh, which was the highest amount allowed. 8.5
    percent was decided upon as the interest rate for the borrowed money.


    According to the 7th Pay Commission’s recommendations, armed services should have their
    own pay matrix and allowance systems.

    Krishnaanand nishadhttps://axpertmedia.in/
    Axpert Media has been for more than a year, a provider in India's digital journalism. Founded in 2 founder & CEO Krishnaanand lalabahadur nishad

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