Govt Replied Regarding 8th Pay Commission, Now Salary Will Be Decided By This Formula
8th Pay Commission: For your information, let us tell you that the central employees are waiting for the eighth pay commission. But it seems the government. That there is no intention to make any more commission. The government has clearly said. That there will be no need for another pay commission.
That means the days of Pay Commission are now over. The government is working on such a system. In which the salary of the employees will increase based on their performance. All payments and salaries can be reviewed using the Aykroyd formula.
A pay commission or pay commission is formed every ten years to change the pay system of central employees. The salaries of central employees are determined based on its recommendations. Till now the commission has been made. The first Pay Commission in the country was formed in January 1946, and the seventh Pay Commission of the country was formed on 28 February 2014. Minister of State for Finance Pankaj Chaudhary said in Parliament on Monday that the government does not yet have any proposal to make the 8th Pay Commission.
Choudhary was replying in the Lok Sabha on salary hike based on performance. He was asked whether the government was proposing an eighth Central Pay Commission for central employees. Which will be applicable from January 2026. But Chaudhary said that the Eighth Central Pay Commission will not be formed. But the government's stand is clear. That he does not wish to form any more such commission. Chaudhary already said that as per the recommendation of the Seventh Pay Commission, there will be no need for an additional Pay Commission to review the salaries, allowances and pensions given to central employees and pensioners. But the new system must be reviewed and changed. He said that the government is working on such a system. Due to which the salary of the employees will increase based on their performance. He said the Aykroyd formula could review all allowances and salaries.
What is Aykroyd formula?
With this formula, employees' salaries will be linked to inflation, household expenses and efficiency. Salary will increase only after seeing all this. All categories of employees will benefit from this. In the recommendation of the 7th Pay Commission, Justice Mathur said that we want to make the pay structure according to the Aykroyd formula. This also includes living expenses. This plan was given by Wallace Ruddell Aykroyd. He felt that there were two important things for the common man. Food and clothes. Their prices should increase and the salaries of employees should increase.
The Minister of State for Finance said that the government is giving Dearness Allowance (DA) to increase the salary of the employees in view of inflation. Dearness allowance of central employees changes every six months on the basis of All India Consumer Price Index. Meanwhile, central employees are also waiting for the DA. The government can take a decision in this matter soon.
Superfast News Coverage By YuvaPatrkaar.com Team
Publish Date: January 26, 2024
Posted By Sunil