8th pay commission: Here's what ToR says on dearness allowance and govt's response to DA merger demands
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓The 8th central pay commission is currently gathering inputs from employees and pensioners before making final recommendations in May next year.
- ✓The panel, led by Justice Ranjana Prakash Desai, will examine pay and allowance structures.
- ✓Many unions now want a DA merger, as the component reached 60 percent recently.
Story at a Glance
- Category
- BUSINESS
- Reported By
- Livemint
- Reading Speed
- 4 Minute(s)
- Market Focus
- India Economy
The 8th central pay commission (CPC) is in its consultation stage, gathering inputs from central government employees and pensioner groups, unions and stakeholders before it makes its final recommendations in May next year.
Former Supreme Court Justice Ranjana Prakash Desai is the Chair, and the panel includes Member-Secretary — Pankaj Jain, a former IAS officer, and Member of the Commission — Professor Pulak Ghosh, a tenured Professor of Finance and Member of the Economic Advisory Council to the Prime Minister.
The decisions are set to benefit more than 1 crore people, including around 50 lakh central government employees and about 65 lakh pensioners, including personnel and retirees with the defence and railway ministries.
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