8th pay commission before 2024 election ?

8th Pay Commission Latest News

Govt employees and pensioners are eagerly waiting to hear about the announcement of the formation of 8th CPC which is due from 01.01.2026.

But the Govt authority, dismissing speculations, Finance Secretary TV Somanathan recently, clearly stated that the Indian Govt authorities has no immediate plans to establish the eighth Pay Commission for the Central Govt employees and pensioners.

According to the Finance Ministry, “There is nothing in the offing regarding setting up the 8th Pay Commission. It’s not due at present” 

Some analysts expressed their views that Previously, political parties, especially inside the run-up to elections, have strategically formed  the Pay Commissions to gain support in the vote bank from Central Govt Employees including Armed forces employees.

The seventh Pay Commission was instituted through the Congress-led UPA Sarkar  months before the elections. However, the BJP has opted for a distinctive technique, focusing on reviewing the controversial new pension scheme affecting the nation and vital government employees.

According to NDTV, Finance Secretary Somanathan, who leads the committee assigned with the evaluate, mentioned that that they had concluded consultations with all relevant parties and brought that their report might be submitted very soon. The proposed changes aim to make sure that employees get hold of at least forty to forty five per cent in their last pay.

As the elections are coming soon, political stress is mounting on the Finance Ministry to announce the 8th Pay Commission, irrespective of the upcoming nation poll consequences.

These effects, predicted, are regarded as a prelude to the 2024 countrywide election, in which Prime Minister Narendra Modi seeks a 3rd consecutive term.

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