Don't want to miss the best from Business Standard?
Saturday, November 29, 2025 | 11:47 AM ISTहिंदी में पढें
8th Pay Commission must consider liabilities stemming from wages, pensions
It will always be hard for the government to follow market mechanisms, but systems must be adjusted to reflect the broader economic reality
 "To enhance its equity exposure and earn a greater income for its nearly 70 million subscribers, the Employees' Provident Fund Organisation (EPFO) is slated to take a call on reinvesting 50 per cent of the redemption proceeds of exchange-traded funds")
premium
The government has given a broad framework to the CPC for reviewing the pay structure. It will have to take into account the overall economic conditions of the country and the need to maintain fiscal prudence. (Illustration: Binay Sinha)
The Union Cabinet on Tuesday approved the terms of reference for the 8th Central Pay Commission (CPC), initiating the process for revising the pay of central-government employees. The pay revision will benefit about five million employees, including defence personnel, and about 6.9 million pensioners. The CPC will be headed by Justice Ranjana Prakash Desai, a former judge of the Supreme Court. Pulak Ghosh of the Indian Institute of Management, Bangalore, will serve as part-time member, while Pankaj Jain, secretary in the Ministry of Petroleum and Natural Gas, will be member secretary to the CPC. The commission is expected
