8th Pay Commission: Manoj Goel, Expenditure Secretary, Finance Ministry said that the 8th Pay Commission can be constituted by April and its economic impact will be seen from the financial year 2026-27.
8th Pay Commission: The central government has approved the proposal to form the eighth pay commission. Now lakhs of central employees and pensioners are waiting for the formation of the commission. According to the Times of India report, the commission will be formed in April this year. In an interview to TOI, Finance Ministry Expenditure Secretary Manoj Goel gave this information.
The commission can be formed this month
He said that the 8th Pay Commission can be formed in two months, perhaps by April. Its draft has been prepared and sent to the Ministry of Defense, Ministry of Home Affairs and Department of Personnel and Training for their opinion. He said that after getting their opinion and recommendations, the TOR will be prepared and the cabinet’s approval will be sought again.
Outgo will start from this year
When he was asked about the fiscal implication of the 8th Pay Commission in this interview, he replied, we have estimated that the pay commission will not have any financial impact in the next financial year. After the formation of the Pay Commission, it will take some time to submit its report, on which the government will take its decision later. Therefore, we do not expect any expenditure in the next business year. The outgo will be in the financial year starting from April 2026.
Pay Commission is constituted every 10 years
Let us tell you that the Central Pay Commission is usually constituted every 10 years. In this, many things like inflation, economic conditions are taken into account. The term of the 7th Pay Commission constituted in 2016 is ending in 2026. Due to this, on January 16, the government has approved the proposal to constitute the 8th Pay Commission.
There is a possibility of increasing the fitment factor from 2.57 to 2.86 in the 8th Pay Commission. According to the estimates made by experts, under the 8th Pay Commission, government employees can get an average salary hike of 25 percent to 30 percent.
