Latest News of 8th Pay Commission Date: Recently there is a Speculation on the Formation of the Next Central Pay Commission in India. This News is Spreading widely as the DA Percent is Likely to be hiked for the Workers. The Possibilities of the 8th Pay Commission are not under the Consideration of Central Government now. Know what Officials Say on the Next CPC.
- The Dearness Allowance in simple terms is the Payment given to the Employees and Pensioners to match with the Current Inflation Rates.
- The Previously Formed Justice Ashok Kumar Mathur led 7th Pay Commission under the UPA government came Out with Various Recommendations.
- One among the Recommendations is that the future DA/DR Hikes will reach 50% or more than to match with the impact of inflation.
- Based on this there is a Rumor that the 8th Pay Commission can be formed by the Central Government.
- Now, the Prevailing DA Percentage is 42% of the pay and pension.
- As per the Sources, there is a chance to increase by four percent now and again four percent increase in January 2024 because of the rate of inflation.
- But while the Question of the Next CPC Formation is asked to the Authorities, the Finance Ministry and Union Minister of State for Finance said that there is no such proposal under consideration for the constitution of the 8th Pay Commission.