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India.com
10 hours ago
- India.com
8th Pay Commission news: Implementation of 8th CPC may be delayed, Central govt employees may have to wait until…, know about past trends
8th pay commission update The Modi government announced the formation of the 8th Central Pay Commission in January 2025, but progress has been very slow. The crucial Terms of Reference (ToR) are not yet finalised. If we consider the timeline followed by the 7th Pay Commission, central government employees and pensioners may have to wait more. According to media reports the revisions can be effective retrospectively from January 1, 2026. 8th Pay Commission Implementation The Pay Commission is set up roughly every decade to revise pay, pensions, and allowances for central employees and retirees, but the 8th pay commission has not yet made big progress. The government has not even appointed a chairman or members, and the ToR which shapes the panel's scope is also pending seven months after the initial declaration. Employee unions and representative bodies have been pressing the Centre for updates. In response to a recent query, the Finance Ministry said it has sought inputs from ministries, states, and employee organisations, and that a formal notification will be issued once the ToR is finalised. Will Implementation Of 8th Pay Commission Be Delayed? If the 8th Pay Commission follows the same timeline as earlier commission it can delay more. The 7th Pay Commission, announced on September 25, 2013, took nearly 33 months from announcement to implementation: ToR issued: February 28, 2014 (five months after announcement) Members appointed: March 4, 2014 Report submitted: November 19, 2015 (about 20 months later) Implementation: June 29, 2016, with effect from January 1, 2016 This means there was a 27-month gap between the ToR notification and the implementation date. Applying that to the 8th Pay Commission, if the government issues the ToR by August 2025, recommendations could realistically be implemented only around January 2028. However the process might not exactly be done in the same way like the 7th Pay Commission, current delays suggest the 8th Pay Commission can be delayed like earlier one.
India.com
a day ago
- India.com
8th Pay Commission Big Update: Modi government likely implemented salary hike by THIS date, Finance Ministry says...
बिहार में कई ट्रेन परियोजना का उद्घाटन 8th Pay Commission: The Modi government has approved the 8th Pay Commission in January 2025, but the official notification has not yet been issued. It is also important to note that the government has not yet finalized the names of the members and the chairperson of the new Pay Commission. Meanwhile, Minister of State for Finance Pankaj Chaudhary informed the Rajya Sabha that the official notification regarding the 8th Central Pay Commission will be issued at an appropriate time in the near future. Here are some of the key details: Minister of State for Finance Pankaj Chaudhary stated that letters were sent on January 17 and February 17, 2025, to the Ministry of Defence, Ministry of Home Affairs, Department of Personnel and Training (DoPT), and all states seeking their inputs on the Terms of Reference. Inputs are still being received. Therefore, the official notification will be issued at an appropriate time, the minister said. After the government issues the notification for the 8th Pay Commission, the chairperson and members of the commission will be appointed. The notification would be issued 'at the appropriate time,' and appointments would follow thereafter. More than 10 million Central Government employees and pensioners are eagerly awaiting the official notification of the 8th Pay Commission. According to media reports, the government may approve a fitment factor in the range of 1.8 to 2.86. The fitment factor determines the salary/pension hike for Central Government employees and pensioners. At 1.92 fitment factor Revised basic pay: Rs 54,528 HRA: Rs 13,086.72 TA: Rs 3,600 Gross salary: Rs 71,214.72 NPS: Rs 5,452.80 CGHS: Rs 250 Net salary: Rs 65,511.92 At 2.57 fitment factor Revised basic pay: Rs 72,988 HRA: Rs 17,517.12 TA: Rs 3,600 Gross salary: Rs 94,105.12 NPS: Rs 7,298.80 CGHS: Rs 250 Net salary: Rs 86,556.32 At 1.92 fitment factor Revised basic pay: Rs 73,152 HRA: Rs 17,556.48 TA: Rs 3,600 Gross salary: Rs 94,308.48 NPS: Rs 7,315.20 CGHS: Rs 250 Net salary: Rs 86,743.28 At 2.57 fitment factor Revised basic pay: Rs 97,917 HRA: Rs 23,500.08 TA: Rs 3,600 Gross salary: Rs 1,25,017.08 NPS: Rs 9,791.70 CGHS: Rs 250 Net salary: Rs 1,14,975.38 At 1.92 fitment factor Revised basic pay: Rs 1,12,512 HRA: Rs 27,002.88 TA: Rs 3,600 Gross salary: Rs 1,43,114.88 NPS: Rs 11,251.20 CGHS: Rs 650 Net salary:Rs 1,31,213.68 At 2.57 fitment factor Revised basic pay: Rs 1,50,602 HRA: Rs 36,144.48 TA: Rs 3,600 Gross salary: Rs 1,90,346.48 NPS: Rs 15,060.20 CGHS: Rs 650 Net salary: Rs 1,74,636.28 At 1.92 fitment factor Revised basic pay: Rs 1,53,984 HRA: Rs 36,956.16 TA: Rs 7,200 Gross salary: Rs 1,98,140.16 NPS: Rs 15,398.40 CGHS: Rs 650 Net salary: Rs 1,82,091.76 At 2.57 fitment factor Revised basic pay: Rs 2,06,114 HRA: Rs 49,467.36 TA: Rs 7,200 Gross salary: Rs 2,62,781.36 NPS: Rs 20,611.40 CGHS: Rs 650 Net salary: Rs 2,41,519.96 At 1.92 fitment factor Revised basic pay: Rs 1,85,472 HRA: Rs 44,513.28 TA: Rs 7,200 Gross salary: Rs 2,37,185.28 NPS: Rs 18,547.20 CGHS: Rs 650 Net salary: Rs 2,17,988.08 At 2.57 fitment factor Revised basic pay: Rs 2,48,262 HRA: Rs 59,582.88 TA: Rs 7,200 Gross salary: Rs 3,15,044.88 NPS: Rs 24,826.20 CGHS: Rs 650 Net salary: Rs 2,89,568.68 (Disclaimer: These are projections. Actual revised amounts may vary.)
Mint
a day ago
- Mint
Hyundai Motor India share price gains for fourth straight day, touches fresh all-time high
Continuing their winning streak for the fourth straight session, shares of Hyundai Motor India, one of the country's leading PV makers, gained another 1% to touch a fresh all-time high of ₹ 2,270 apiece in Thursday's intraday trade on August 14. The stock has been maintaining its upward run since the company's release of June quarter numbers, which came in above Street estimates in late July, and has since gained 7%, which also pushed the company's market capitalization close to ₹ 2 lakh crore, just 11% away from reaching that mark. Brokerages have also maintained their positive outlook on the company following its beat in operating margin, which came in more than 100 basis points above their forecasts at 13.3%, driven by a rich product mix (higher CNG contribution) and cost control measures. The company has been targeting higher exports amid weak domestic demand, which supported its growth during the quarter, as it posted a net profit of ₹ 1,336 crore, higher than analysts' estimates of ₹ 1,259 crore. Exports grew 13% in the June quarter, while domestic sales dropped 6%, and the company targets overseas shipments to grow 7%–8% this fiscal year. The PV maker has also downplayed concerns over China's rare-earth magnet export ban, saying its current stockpile is sufficient to handle any near-term disruptions, which also boosted investor confidence that there would be no immediate supply issues. Though domestic demand was weak, analysts expect a gradual recovery led by a healthy monsoon, the upcoming festive season, the recent rate cut, and the 8th Pay Commission. In its recent note, global brokerage firm Goldman Sachs initiated coverage with a 'buy' recommendation and set a target price of ₹ 2,600, expecting growth to be driven by successful EV models, market share gains in emerging markets, and upcoming product launches, which could lift market share by 120 basis points between FY25 and FY28. The brokerage expects over 8% volume CAGR over the next three years, while Motilal Oswal has also factored in 8% volume CAGR over FY25–27E, citing the company's plan to launch 26 products (including variants) by FY30, of which eight would be launched over FY26–27E. It also retained its 'buy' rating on the stock with a target price of ₹ 2,408. The stock, which made its debut on the Indian stock market in October 2024, stayed largely inactive for nearly seven months before gaining momentum in May. This rally continued in the subsequent months, allowing it to cross its IPO price of ₹ 1,960 for the first time in early June, a level it has held since. The bullish momentum in Hyundai Motor's share price is being supported by strong technical indicators, positive outlooks from leading brokerages, and improving sentiment in the broader Indian market. Together, these factors have helped the stock break out of its consolidation phase, delivering solid returns to IPO investors who remained invested. Disclaimer: This story is for educational purposes only. The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
