Business
8th Pay Commission Update: What Government Employees Can Expect
The wait is finally over for over 1 crore central government employees and pensioners. The Union Cabinet, led by Prime Minister Narendra Modi, has officially approved the Terms of Reference (ToR) for the 8th Central Pay Commission (CPC). The Commission is expected to submit its recommendations within 18 months from the date of its formation. (Image: AI-Generated)

The Central Pay Commission is set up every few years to review and revise salary structures, retirement benefits, and service conditions. (Image: AI-Generated)

Historically, a new Pay Commission is implemented roughly every 10 years. (Image: AI-Generated)

The salary hike depends largely on the fitment factor, which is a multiplier used to calculate the revised basic pay. In the 7th Pay Commission, the fitment factor was 2.57, raising the minimum basic salary from Rs 6,000 to Rs 18,000. (Image: AI-Generated)

For the 8th Pay Commission, different fitment factors are being considered. Here’s how they could impact salaries: if the fitment factor is set at 1.83, the basic salary could rise from Rs 18,000 to around Rs 32,940. A slightly higher factor of 1.86 would increase it to Rs 33,480. However, if the government applies a more generous fitment factor of 2.47, the revised basic pay could reach Rs 44,460. These figures help illustrate how significantly the fitment factor influences salary revisions under the Pay Commission. (File Photo)

Gross salary includes Basic Pay, Dearness Allowance (DA) – linked to inflation, revised twice a year, and House Rent Allowance (HRA) – based on city category (30% for metro cities, 20% for Tier-2 cities, and 10% for Tier-3 cities). (Image: AI-Generated)

Let’s calculate the gross salary using a fitment factor of 2.47 and assuming: Basic Pay: Rs 44,460; DA: Rs 0 (for simplicity); HRA (30% for metro): Rs 13,338. The New Gross Salary = Basic Pay + DA + HRA, which is 44,460 + 0 + 13,338 = Rs 57,798. (Image: AI-Generated)
Business
Aadhaar Card Update: Is Aadhaar A Proof Of Date Of Birth Or Citizenship? Govt Issues Clarification
New Delhi: The Ministry of Communications has issued a latest circular on clarification on the Properties and Usage of Aadhaar by Unique Identification Authority of India (UIDAI).
The three-point clarification was issues regarding the properties and permissible usage of the Aadhaar number and related documents.
UIDAI said that an Aadhaar number may be used for establishing the identity of the Aadhaar number holder subject to authentication or offline verification.
Further, Aadhaar number or the authentication thereof, is not a proof of citizenship or domicile in respect of Aadhaar number holder.
UIDAI also added that Aadhaar number is not a proof of date of birth and hence, must not be used for establishing the date of birth of the Aadhaar number holder conclusively.
Business
Teachers to be balloted on industrial action over class contact time
Members of the NASUWT union are set to be balloted on industrial action over class contact time.
The union accused the Scottish Government of failing to meet the SNP manifesto commitment ahead of the 2021 election of reducing contact time by one-and-a-half hours per week.
Announcing the move, NASUWT national official for Scotland Mike Corbett said teachers are “arguably worse off in terms of workload” than before the last election.
“The commitment on class contact time was a recognition by the Scottish Government that additional time away from the classroom was necessary to give teachers sufficient time and space to plan, prepare and assess pupils’ work in order to help students achieve their best and raise attainment.
“Since 2024 we’ve had agreements to work ‘at pace’ and the establishment of working groups by the Scottish Government and Cosla to make meaningful progress on class contact time reduction.
“But the reality is that teachers today are arguably worse off in terms of their workloads and working hours than they were in 2021 when this commitment was first made.
“A reduction in class contact time is as needed now, if not more so, than in 2021.
“It is regrettable that we have been forced to declare a trade dispute and move to a ballot in order to try to force the Government to give teachers the working conditions it itself acknowledges they require to do the job effectively.”
The union’s general secretary Matt Wrack said it had “exhausted all avenues” to reduce contact time, adding: “Where ministers and employers continue to fail our teachers, we will stand up for their right to working conditions which would enable them to deliver the highest quality of learning for our children and young people.”
A Scottish Government spokesperson said: “Ministers have been clear that reducing class contact will help support the time and space necessary for teachers, to allow them to drive improvement and reform in our schools and improve outcomes for their pupils.
“We are committed to working with teaching unions and Cosla to agree our approach to delivering a reduction in class contact time at pace.
“That is why we are providing local authorities with increased funding of £186.5 million to restore teacher numbers – this additional funding was agreed to by local government on the understanding that they make ‘meaningful progress’ with reducing class contact.
“Ministers respect union members’ right to withdraw their labour, but are disappointed that the NASUWT has taken this action while these constructive discussions are ongoing.”
Business
Reeves could face £20bn Budget hole as UK productivity downgraded
The government is facing a bigger-than-expected hole in the public finances as it prepares for next month’s Budget.
A downgrade to the UK’s productivity performance from the government’s official forecaster could lead to the chancellor facing a £20bn gap in meeting her tax and spending rules, the BBC understands.
Rachel Reeves has confirmed both tax rises and spending cuts are options in next month’s Budget.
The Treasury declined to comment on “speculation” ahead of the Office for Budget Responsibility’s (OBR) final forecast, which will be published on 26 November alongside the Budget.
It comes as the chancellor told an audience in Saudi Arabia that Brexit is partly to blame for high inflation in the UK.
Persistent higher prices have been a dampener on UK economic growth, because the Bank of England has kept interest rates higher to control inflation, and that has made Reeves’ job harder to balance tax and spending within her fiscal rules.
“Inflation is too high in countries around the world including in the UK, and one of the reasons for that is that there’s too much cost associated with trade with our nearest neighbours and trading partners,” Reeves said as she argued that closer economic ties with the EU could ease the inflation burden and boost economic growth.
“Businesses, especially small businesses, who face increasing red tape since we left the European Union, for workers, who are now locked out of the jobs market in Europe, there are obviously huge benefits from rebuilding some of those relations.”
The OBR will deliver its final draft forecast for Reeves’s Budget, including productivity – a measure of the output of the economy per hour worked – to the Treasury on Friday.
The forecaster had previously assumed a partial bounce back in productivity growth, but this has never materialised.
This productivity assumption is essential to long-term growth prospects and so, under the current system, even a small change can alter how much money a Budget needs to raise by several billion pounds.
The OBR is understood to have downgraded forecast for productivity by 0.3 percentage points – a figure first reported by the Financial Times – bringing its assumption closer to that of the Bank of England.
The Institute for Fiscal Studies think-tank has calculated that for every 0.1 percentage point downgrade in the productivity forecast, government borrowing would increase by £7bn in 2029-30 – meaning a 0.3 point cut could add £21bn to the Budget hole.
The changes open up an initial gap of some £20bn, rather than the £10-£14bn widely anticipated.
Such a hole could be plugged by hiking taxes, reducing public spending or increasing government borrowing.
Reeves has set out two main Budget rules, which she has described as “non-negotiable”. These are:
- Not to borrow to fund day-to-day public spending by the end of this parliament
- To get government debt falling as a share of national income by the end of this parliament
Reeves admitted on Monday to business leaders in Saudi Arabia that the OBR was “likely to downgrade productivity” which has been “very poor since the financial crisis and Brexit”.
The OBR is expected to explain the decision in detail, but some ministers have privately pointed out that if it had done this earlier, different choices could have been made at this summer’s Spending Review.
There are many other moving parts in the Budget which may bring better news for the chancellor, such as the decline in the interest rates paid on government debt.
However, with other pressures such as the U-turns on welfare spending and a desire to rebuild a bigger buffer in the public finances, speculation is pointing towards significant tax rises, including some possible breaches of manifesto commitments such as changes to income tax.
The Treasury will inform the OBR of its first draft Budget measures next week.
On Tuesday, the government announced it had agreed a series of trade and investment deals with Saudi Arabia, following Reeves’s visit to the Gulf.
This included up to £5bn in support from UK Export Finance for projects in Saudi Arabia which the government said would “unlock” contracts for British firms.
It also announced deals including a £37m investment from Saudi cybersecurity firm Cipher to set up its European office in London, and a £75m investment from Saudi investors and bankers into British digital bank Vemi.
The chancellor also met ministerial counterparts from Qatar and Kuwait for talks over a wider potential trade deal between the UK and the Gulf Cooperation Council.
-
Fashion1 week agoChinese woman charged over gold theft at Paris Natural History Museum
-
Entertainment1 week agoJohn Grisham unveils his first-ever mystery, “The Widow”
-
Tech1 week agoThis Smart Warming Mug Is Marked Down by $60
-
Tech1 week agoEaster Island’s Moai Statues May Have Walked to Where They Now Stand
-
Fashion1 week agoThe North Face and Cecilie Bahnsen launch second collaboration
-
Tech1 week agoOpenAI has slipped shopping into ChatGPT users’ chats—here’s why that matters
-
Tech1 week agoAI model could boost robot intelligence via object recognition
-
Sports1 week agoMaccabi Tel Aviv to decline tickets for European tie at Aston Villa | The Express Tribune
