New Delhi: In a major move set to impact the financial lives of over 1.2 crore Central government employees and pensioners, the Union Cabinet on Tuesday gave its nod to the Terms of Reference (ToR) for the 8th Central Pay Commission. Announcing the decision at a press conference, Union Minister of Information and Broadcasting Ashwini Vaishnaw highlighted the wide-ranging implications of the Commission's work.

The minister said the Commission would have a chairperson, one part-time member, and a member-secretary. It has been given an 18-month timeframe from its constitution to finalise and submit its recommendations, with the flexibility to present interim reports on specific matters.

Vaishnaw said the Commission's mandate requires a balanced approach. While formulating its recommendatio

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