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Know all latest updates about date 2023, salary hike, pay matrix: 8th Pay Commission news

It is anticipated that the first dearness allowance (DA) increase for Central Government Employees with a salary of more than 50 pounds will be made public.

Currently, thousands of government employees are waiting for a 4% DA increase. In the midst of all of this, there is a lot of talk about the 8th Pay Commission. In 2022, the Union government denied the claim and stated that the Central Government Employees’ and Pensioners’ salaries, allowances, and pensions would not be revised by an Eighth Central Pay Commission.

In a written response, Union Minister of State for Finance Pankaj Chaudhary stated that there was no such proposal to consider. He was responding to the question “whether it is a fact that the Government is considering not constituting the 8th Central Pay Commission (CPC) to revise salaries, allowances, and pension of Central Government employees and pensioners,” which was posed by the questioner.

Is the 8th Pay Commission going to take over for the 7th?

There hasn’t been any confirmation yet, but there are rumors that the government will soon set up the 8th Pay Commission. For government employees, the Pay Commission’s rules are typically updated every ten years. The fifth, sixth, and seventh pay commissions were all implemented in the same way.

When exactly will the eighth pay commission go into effect?

According to reports, the 8th Pay Commission might start in 2024 and start in 2026, two years later. According to experts, the government may offer this substantial bonus to employees prior to the Lok Sabha Elections, which are anticipated to take place in May 2024.

4% DA hike expected

The first dearness allowance (DA) increase of 2023 for over 50 lahk Central Government Employees is anticipated to be made public on, March 17.

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