New Delhi, Jul 21 (PTI) The federal authorities has sought inputs from important stakeholders, along with the Defence and Home ministries, the Division of Personnel and Teaching, along with states, on establishing the eighth Central Pay Price, Parliament was educated on Monday.
In January, the Cabinet licensed establishing the eighth Pay Price to revise salaries of virtually 50 lakh central authorities employees and allowances of about 65 lakh pensioners.
To a question on the reasons for not establishing the Price even after six months, Minister of Finance Pankaj Chaudhary said: “Inputs have been sought from important stakeholders, along with Ministry of Defence, Ministry of Home Affairs, Division of Personnel & Teaching and from States”.
The Chairperson and members of the eighth CPC will possible be appointed as quickly because the eighth Central Pay Price is notified by the federal authorities, Chaudhary said in a written reply to the Lok Sabha.
Requested when the revised pay scales will possible be utilized for the employees and pensioners, Chaudhary said: “The implementation might be taken up as quickly because the options are made by the eighth CPC and are accepted by the Authorities”.
Usually, the pay payment is constituted by the central authorities every 10 years to revise the remuneration of presidency employees. The seventh Pay Price was constituted in February 2014. Its options had been utilized from January 1, 2016.
The eighth Pay Price is due for implementation on January 1, 2026.
To compensate central authorities employees for erosion within the precise price of their salaries on account of inflation, dearness allowance (DA) is paid to them, and the pace of DA is revised periodically every six months on the concept of the pace of inflation.