Last Updated:December 09, 2025, 17:45 IST

Pankaj Chaudhary confirmed 50.14 lakh central government employees and 69 lakh pensioners will benefit from the 8th Central Pay Commission.

8th Pay Commission: Pankaj Chaudhary, minister of state in the Ministry of Finance, clarified that the total number of government employees currently stands at 50.14 lakh, and there are approximately 69 lakh pensioners, who will get the benefits from the 8th Pay Commission.

In a written reply to Lok Sabha dated December 8, 2025, the minister said “the number of central government employees is 50.14 lakh, and the number of pensioners is 69 lakh approximately.”

When asked the date of implementation of the 8th CPC, the Minister clarified that it will be decided by the government that the commission will make its recommendations within 18 months from the date of its constitution.

The minister was asked plans for allocation of funds for the 8th CPC in the 2026-27 budget, the MoS said it will make appropriate provision of funds for implementing the accepted recommendations of the 8th CPC. It will devise methodology and procedure for formulating its recommendations.

The finance ministry has stated that the 8th Central Pay Commission will submit its recommendations on key matters such as pay, allowances, pensions and other related issues. Minister of State for Finance Pankaj Chaudhary clarified the government’s position in response to an unstarred question in the Rajya Sabha from members Javed Ali Khan and Ramji Lal Suman, who had asked whether a revision of pensions for central government employees is being considered under the 8th CPC.

No Proposal To Merger DA, DR With  Basic Pay

Union Minister of State for Finance Pankaj Chaudhary had said earlier the central government has notified the constitution of the 8th Central Pay Commission, and there is no proposal as of now to merge the existing dearness allowance (DA) or dearness relief (DR) with the basic pay.

“No proposal regarding merger of the existing dearness allowance with the basic pay is under consideration with the government at present. In order to adjust the cost of living and to protect basic pay/ pension from erosion in real value on account of inflation, the rates of DA/ DR are revised periodically every six months on the basis of the All India Consumer Price Index for Industrial Workers (AICPI-IW) released by Labour Bureau, Ministry of Labour and Employment,” Chaudhary said in response to a query in the Lok Sabha.

He said the government has notified Resolution dated November 3, 2025, for the constitution of the Eighth Central Pay Commission. A copy of the Notification is enclosed at Annexure-1.

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New Delhi: India’s initial public offerings (IPO) have raised a record Rs 1.77 lakh crore ($19.6 billion) in 2025 so far, marginally higher than the 2024 tally, as companies rush to capture increasing investor demand. 

With five more offerings scheduled to close on or before December 16, including ICICI Prudential Asset Management Co.’s $1.2‑billion deal, the total value of IPO proceeds is set to rise much higher than last year’s proceeds.

In 2024, Indian IPOs raised Rs 1.73 lakh crore, according to data compiled by Bloomberg. The surge reflects a maturing capital market driven by a swelling base of retail investors and steady institutional appetite, even as demand for equities in the secondary market softened.

Analysts said that firms are using buoyant demand to lock in funding before global conditions tighten, and India has eased the process for companies to list and initiated a run of big-ticket deals.

Foreign institutional investors remain active participants in IPOs despite selling a record number of Indian equities in the secondary market. FII enthusiasm in primary markets helped companies across sectors and market caps to raise capital at elevated valuations.

Almost half of the more than 300 firms listed so far this year are trading below their offer price when the scrips debuted.

Securities and Exchange Board of India (SEBI), on Thursday, proposed key reforms to address long-standing challenges around locking in pre-IPO pledged shares and simplifying public issue disclosures.

SEBI has suggested enabling depositories to designate pledged shares as “non-transferable” for the lock-in period in response to directives from the issuer.

India’s financial markets are heading into 2026 with renewed confidence, with notable surges in recent months and a resilient macroeconomic environment. This sharp turnaround was fuelled by multiple domestic triggers, including the GST 2.0 rate rationalisation that accelerated consumption across discretionary categories, a surge in manufacturing activity reflected in a two-month high PMI of 58.4.

Last Updated:December 09, 2025, 17:16 IST

Morgan, a renowned American financier and investment banker, had a major influence on the American industry during his lifespan.

A quote from JP Morgan stressing on character and trust in business affairs. (Photo Credit: X)

Most leading personalities and top business and finance entities would’ve at some stage of their journey been inspired by JP Morgan. A renowned American financier and investment banker, Morgan was hailed for his expertise and superspecial skills in wealth management. Dominating the corporate finance on Wall Street at the height of his powers, Morgan significantly influenced the American industry.

Born on April 17, 1837, in Hartford, Connecticut of the United States, Morgan went on to establish himself as a prominent financier and industrial organiser. Due to his great skill and understanding of money, business and how financial affluence and influence truly work, the legendary money man of America became one of the world’s foremost business personalities in the decades leading into World War I.

According to the Britannica website, Morgan was responsible for reorganising several major railroads. He also financed industrial consolidations that led to the foundation of United States Steel, International Harvester and General Electric. Morgan’s banking power bolstered industrial mergers and trusts with such corporations. He also emerged as a hero during the Panic of 1907, playing a huge role in preventing financial collapse and the creation of the Federal Reserve.

JP Morgan’s Wealth Quote Of The Day

“Money equals business which equals power, all of which come from character and trust.”

What The Quote Implies

While it may at first glance appear like a simple equation and summation of money and power, the quote contains a deeper message for business leaders and corporate entities. To prioritise ‘character’ and ‘trust’, through which they can lay the foundation for long-term excellence instead of briefly or inconsistently achieving success. Morgan implies that the blend of character and trust is at the root of financial affluence and the growth of power.

This powerful quote has inspired generation after generation to excel in business activities and decision-making as well as life. Trust, which is a non-quantifiable asset, is built gradually through actions and by consistently replicating your words. When business figures and entities keep up with their words, they develop reliability and evoke faith. Morgan suggests that the money naturally arrives in the hands of those who deal with finances responsibly and consider their reputation as an uncompromisable asset.

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