8th Pay Commission Date

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The government has officially announced its plans for the 8th Pay Commission, which has been generating a lot of buzz lately.

Recently, some wonderful news has emerged that is sure to bring a smile to the faces of central government employees.

The dearness allowance (DA) has been increased again, with recent data from the AICPI index suggesting a hike of 4%.

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In the coming days, we can expect to see a significant increase in the  salaries of central government employees, thanks to the implementation  of a new compensation formula.

Pankaj Chaudhary, the Minister of State for Finance, recently addressed  the Rajya Sabha to provide insights into the status of the 8th Pay  Commission.

The government is considering a move away from the traditional approach of convening the 8th Pay Commission to make adjustments to the salaries, allowances, and retirement benefits of central government employees and pensioners.

There has been a lot of buzz lately about a potential new method for  determining salary increases for central government employees, known as  the Aykroyd formula.

The Aykroyd formula is designed to ensure that salary adjustments are  closely linked to factors such as inflation, the cost of living, and an  employee’s performance.