Tag: Economic Conditions
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The 8th Central Pay Commission: Key Developments and Expectations
On January 16, 2025, the Union Cabinet approved the formation of the 8th Central Pay Commission for central government employees in India. This commission will play a crucial role in revising the salaries, allowances, and pension structures for government employees and pensioners. Its recommendations are expected to be implemented by January 1, 2026. The approval…
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Revision of Dearness Allowance Rates for Central Government Employees Effective from 01.07.2024
In a significant update for Central Government employees, the Department has issued an Office Memorandum confirming the revision of Dearness Allowance (DA) rates. Effective from July 1, 2024, the DA will increase from 50% to 53% of the Basic Pay. This adjustment is aimed at providing additional financial support to employees amid rising living costs.…