8th Pay Commission: Delay In Finalisation Of ToR Causes Worry Among Central Govt Employees, NC JCM Writes Letter To Cabinet Secretary
photoDetails english 2921155 https://zeenews.india.com/photos/business/8th-pay-commission-delay-in-finalisation-of-tor-causes-worry-among-central-govt-employees-nc-jcm-writes-letter-to-cabinet-secretary-2921177 Updated:Jun 24, 2025, 12:20 PM IST 8th Pay Commission: ToR In Limbo
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The National Joint Consultative Machinery (Staff Side)-NCJCM, which represents central government employees and pensioners, has stepped up its call for the Terms of Reference (ToR) of the 8th Central Pay Commission (CPC) to be made public. Shiva Gopal Mishra, Secretary of NCJCM, demanded in an official letter to the Cabinet Secretary on June 18, 2025, that the Terms of Reference (ToR) of the 8th CPC should be made public and the 8th CPC committee should be constituted at the earliest. 8th Pay Commission: Widespread speculation and uncertainty
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The letter stated that the Ministry of Personnel, Public Grievances & Pensions (DoPT) has communicated that the central government has decided to constitute the 8th Central Pay Commission (CPC) and that the Terms of Reference (ToRs) for the Commission are under finalization. However, there has been a delay in the issuance of the ToRs.
"The continued delay in the formal issuance of the ToRs has led to widespread speculation and uncertainty among Central Government employees and pensioners alike," the letter said. 8th Pay Commission: Apprehensions rise about credibility of announcement of CPC
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The letter stated that apprehensions are growing among employees about the credibility of the announcement regarding the setting up of the 8th CPC. "In the absence of clear and timely communication, apprehensions are growing among employees about the credibility of the announcement regarding the setting up of the 8th CPC. Many fear whether this move is a genuine administrative initiative or otherwise." 8th Pay Commission: Government retains discretion over extention of benefits to pensioners
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The letter further stated that a serious concern has also arisen among central government pensioners, particularly given the notification of the finance bill, wherein it has been stated that the Government retains discretion over whether or not to extend the benefit of pay fixation under the 8th CPC to pensioners. "This has led to a growing sense of insecurity and resentment among retired personnel, who have every expectation of being treated equitably alongside serving employees," the letter added. 8th Pay Commission: Requests of employees
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The letter has requested the government to consider the following submission in the interest of "transparency, equity, and the overall morale of Central Government employees and pensioners":
Issue clear and widely circulated guidelines on the finalized ToRs of the 8th CPC at the earliest, to dispel any ambiguity and restore confidence among the workforce.
* Clarify, through a formal directive that the benefits of pay fixation and revision under the 8th CPC shall also be extended to all central government pensioners, thereby removing doubts and ensuring parity and fairness in treatment. * Constitution of the 8th Central Pay Commission committee at the earliest. * Prompt decision on the constitution of the Pay Commission The letter said that a prompt and favorable decision from the government will go a long way in boosting the morale of employees and pensioners and in reaffirming the government's commitment to a fair and inclusive pay policy. What is 8th Pay Commission?
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The 8th Pay Commission will revise the pensions, allowances and salaries of central government employees and pensioners. It will also revise the Dearness Allowance as per inflation. The CPC benefits about 50 lakh central government employees, including defence personnel. It will also benefit around 65 lakh central government pensioners, including defence retirees. Govt employees awaiting formation of 8th Pay Commission
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More than 1.2 crore central government employees and pensioners are eagerly awaiting the formation of the 8th Pay Commission which will revise their salaries and pensions. Despite the government's approval on January 16, 2025, the Pay Commission has not been formally constituted. The ToR and the appointment of the chairman and other important members have also not yet been completed.
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India.com
a day ago
- India.com
8th Pay Commission: Delay In Finalisation Of ToR Causes Worry Among Central Govt Employees, NC JCM Writes Letter To Cabinet Secretary
photoDetails english 2921155 Updated:Jun 24, 2025, 12:20 PM IST 8th Pay Commission: ToR In Limbo 1 / 7 The National Joint Consultative Machinery (Staff Side)-NCJCM, which represents central government employees and pensioners, has stepped up its call for the Terms of Reference (ToR) of the 8th Central Pay Commission (CPC) to be made public. Shiva Gopal Mishra, Secretary of NCJCM, demanded in an official letter to the Cabinet Secretary on June 18, 2025, that the Terms of Reference (ToR) of the 8th CPC should be made public and the 8th CPC committee should be constituted at the earliest. 8th Pay Commission: Widespread speculation and uncertainty 2 / 7 The letter stated that the Ministry of Personnel, Public Grievances & Pensions (DoPT) has communicated that the central government has decided to constitute the 8th Central Pay Commission (CPC) and that the Terms of Reference (ToRs) for the Commission are under finalization. However, there has been a delay in the issuance of the ToRs. "The continued delay in the formal issuance of the ToRs has led to widespread speculation and uncertainty among Central Government employees and pensioners alike," the letter said. 8th Pay Commission: Apprehensions rise about credibility of announcement of CPC 3 / 7 The letter stated that apprehensions are growing among employees about the credibility of the announcement regarding the setting up of the 8th CPC. "In the absence of clear and timely communication, apprehensions are growing among employees about the credibility of the announcement regarding the setting up of the 8th CPC. Many fear whether this move is a genuine administrative initiative or otherwise." 8th Pay Commission: Government retains discretion over extention of benefits to pensioners 4 / 7 The letter further stated that a serious concern has also arisen among central government pensioners, particularly given the notification of the finance bill, wherein it has been stated that the Government retains discretion over whether or not to extend the benefit of pay fixation under the 8th CPC to pensioners. "This has led to a growing sense of insecurity and resentment among retired personnel, who have every expectation of being treated equitably alongside serving employees," the letter added. 8th Pay Commission: Requests of employees 5 / 7 The letter has requested the government to consider the following submission in the interest of "transparency, equity, and the overall morale of Central Government employees and pensioners": Issue clear and widely circulated guidelines on the finalized ToRs of the 8th CPC at the earliest, to dispel any ambiguity and restore confidence among the workforce. * Clarify, through a formal directive that the benefits of pay fixation and revision under the 8th CPC shall also be extended to all central government pensioners, thereby removing doubts and ensuring parity and fairness in treatment. * Constitution of the 8th Central Pay Commission committee at the earliest. * Prompt decision on the constitution of the Pay Commission The letter said that a prompt and favorable decision from the government will go a long way in boosting the morale of employees and pensioners and in reaffirming the government's commitment to a fair and inclusive pay policy. What is 8th Pay Commission? 6 / 7 The 8th Pay Commission will revise the pensions, allowances and salaries of central government employees and pensioners. It will also revise the Dearness Allowance as per inflation. The CPC benefits about 50 lakh central government employees, including defence personnel. It will also benefit around 65 lakh central government pensioners, including defence retirees. Govt employees awaiting formation of 8th Pay Commission 7 / 7 More than 1.2 crore central government employees and pensioners are eagerly awaiting the formation of the 8th Pay Commission which will revise their salaries and pensions. Despite the government's approval on January 16, 2025, the Pay Commission has not been formally constituted. The ToR and the appointment of the chairman and other important members have also not yet been completed.
Time of India
a day ago
- Time of India
$40 billion consumption boom coming soon! Is your stock portfolio ready to ride it?
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HSBC's research estimates India's discretionary spending base at about $250 billion, meaning the upcoming stimulus could increase spending capacity by nearly 15%, a jolt of real money in real hands. While a portion of the gains may be saved or invested, the prevailing view among analysts is clear: a large share will flow into consumption. Rahul Bajoria of BofA Securities says there are growing signs that consumption indicators in India are poised to improve as policy support continues to build. Inflation remains tame, monetary easing has been front-loaded, and low commodity prices are cushioning input costs. Even though overall private consumption growth has slowed in line with GDP, Bajoria believes it will soon outpace GDP as household incomes stabilize, tax burdens decline, and credit availability improves. BofA expects real wages, especially in rural India, to materially strengthen, thanks to low food inflation and stable income trends. 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Economic Times
a day ago
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Swiggy shares have jumped over 20% in the past month, fueled by technical strength, positive brokerage views, and macro tailwinds like festive demand and the upcoming 8th Pay Commission. Analysts see room for further gains, especially with improving margins and growth in its quick commerce vertical. Synopsis Swiggy shares have jumped over 20% in the past month, fueled by technical strength, positive brokerage views, and macro tailwinds like festive demand and the upcoming 8th Pay Commission. Analysts see room for further gains, especially with improving margins and growth in its quick commerce vertical. Swiggy shares have surged over 20% in the past month, reflecting renewed investor optimism after a prolonged consolidation phase. From its May 2025 lows, the stock has steadily recovered, riding on improved technicals, a positive outlook from top brokerages, and broader tailwinds such as the upcoming festive season and the likely rollout of the 8th Pay Commission. ADVERTISEMENT The recovery in Swiggy's stock price has been supported by improving technical strength. Amit Trivedi, Vice President, Technical Analyst at YES Securities, believes the trend remains "moderately positive." 'Swiggy, which debuted in the latter part of 2024, experienced a multi-month price correction between Dec'24 and May'25. However, since June 2025, the stock has demonstrated gradual recovery, managing to clear resistance levels in the 360–380 zone,' said Trivedi. He noted that the formation of multiple bullish candles indicates strong support at Rs 350, while sustained stability above Rs 380 could unlock upside potential toward the Rs 430 Bhojane, Equity Research Analyst at Choice Broking, echoed this view, recommending a buy-on-dips strategy. 'Swiggy has recently given a breakout from a parallel range on the daily chart. After a successful breakout and retest, the stock made a new high, indicating strong bullish sentiment,' he said. 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With profitability triggers such as better volumes and brand partnerships, a re-rating is possible,' BNP internal improvements, two broader tailwinds could further support Swiggy's growth trajectory in the coming the upcoming festive season, which typically sees a surge in online food and grocery orders, is expected to boost volumes across both food delivery and QC platforms. Analysts anticipate increased consumer spending and a rise in average order values as disposable incomes rise during this the expected implementation of the 8th Pay Commission—which is likely to benefit millions of government employees and pensioners—may lead to a broader consumption boost. Increased discretionary spending could flow into categories like online food ordering and quick commerce, especially in urban centres where Swiggy has a strong Swiggy's recent price action and analyst coverage suggest growing investor confidence, the road ahead will depend on its ability to execute consistently in both food delivery and quick festive demand, potential pay commission-led consumption, and margin improvement offer tailwinds. However, competition, customer retention, and sustained profitability remain critical areas to watch. Also Read: Is the grey market premium misleading? Decoding the valuation gap in HDB Financial's IPO With sentiment improving and brokerages projecting robust earnings and market share gains, investors may continue to ride the Swiggy wave—but with an eye on delivery. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. 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