8th Pay Commission Approved: Who will benefit after Cabinet approval? Understand the main points of the 8th Pay Commission here

Obnews Digital Desk: In a major decision on January 16, the Union Cabinet decided to constitute the 8th Pay Commission to revise the salaries of central government employees and allowances of pensioners. In such a situation, Union Minister Ashwini Vaishnav said that the decision to constitute the 8th Pay Commission was taken in the cabinet meeting chaired by Prime Minister Narendra Modi.

Let us tell you, the 7th Pay Commission was constituted in 2016 and its tenure is going to end in 2026. More than 49 lakh central government employees and about 65 lakh pensioners are going to benefit from this decision. In such a situation, in today's article we will understand about some important things about the 8th Pay Commission, so for this keep reading this article till the end.

A new pay commission is constituted every ten years.

Since 1947, seven Central Pay Commissions have been formed. A new pay commission is constituted every 10 years to revise the salaries of central employees and pensioners. Meanwhile, Union Minister Ashwini Vaishnav said, “Constituting the 8th Pay Commission before the tenure of the 7th Pay Commission ends in 2026 will give us enough time to receive recommendations.” The minister also said that the chairperson and two members of the commission will be appointed soon and consultations will be held with the central and state governments as well as other stakeholders.

Click on this link to read other business news…

Highlights of 8th Pay Commission announcement

• News agency PTI, citing unnamed sources, said that the formation of the 8th Pay Commission will lead to an increase in the salaries of about 50 lakh central government employees, including defense personnel.
• The report said that 65 lakh pensioners including defense personnel will also benefit from this decision.
• The decision comes just weeks before the presentation of the Union Budget 2025 on February 1 and the much-awaited Delhi Assembly elections on February 5.
• Nearly four lakh employees in Delhi, including state government employees and defense personnel, will benefit from the 8th Pay Commission.
• PM Narendra Modi, in a post on X, said the Union Cabinet's decision to set up the 8th Pay Commission will “improve the quality of life and boost consumption.”