LIVE
NIVESH STREET_
LIVE MARKET INTELLIGENCE
NIFTY 50 25,181.80 +1.38%SENSEX 72,472.33 +1.23%BANK NIFTY 55,256.65 +1.36%INDIA VIX 14.38 -0.42%GOLD ₹1,21,540 +0.61%BTC/USD $112,480 +2.14%USD/INR 88.42 -0.08%CRUDE $84.16 +0.94%NIFTY 50 25,181.80 +1.38%SENSEX 72,472.33 +1.23%BANK NIFTY 55,256.65 +1.36%INDIA VIX 14.38 -0.42%GOLD ₹1,21,540 +0.61%BTC/USD $112,480 +2.14%USD/INR 88.42 -0.08%CRUDE $84.16 +0.94%
Live
NIFTY 5023,146.15▲ 0.65%
SENSEX74,729.27▲ 0.56%
BANK NIFTY55,844▲ 0.06%
NIFTY IT31,924.1▲ 3.92%
NIFTY MIDCAP16,946.3▼ 0.06%
INDIA VIX14.06▲ 0.21%
RELIANCE1,211.2▼ 0.31%
TCS2,465▲ 4.89%
HDFCBANK728.85▲ 0.28%
INFY1,161.2▲ 4.61%
ICICIBANK1,397▲ 0.55%
SBIN962.6▲ 0.27%
BHARTIARTL1,905▲ 2.75%
ITC263.5▼ 0.15%
LT3,627.1▼ 0.13%
AXISBANK1,290▲ 0.16%
KOTAKBANK447.4▼ 0.12%
HINDUNILVR1,893.8▼ 0.17%
Gold (24K)4,181.1▲ 0.26%
Silver57.31▲ 0.82%
Copper6.57▲ 0.95%
Crude Oil (Brent)109.86▲ 3.72%
Natural Gas3.12▼ 3.71%
USD/INR94.96▲ 0.46%
Bitcoin81,617.58▲ 0.14%
Ethereum2,408.84▼ 0.45%
Solana103.47▼ 0.79%
BNB719.55▼ 0.19%
XRP1.29▼ 1.26%
Cardano0.22▼ 2.81%
Dogecoin0.08▲ 2.36%
NIFTY 5023,146.15▲ 0.65%
SENSEX74,729.27▲ 0.56%
BANK NIFTY55,844▲ 0.06%
NIFTY IT31,924.1▲ 3.92%
NIFTY MIDCAP16,946.3▼ 0.06%
INDIA VIX14.06▲ 0.21%
RELIANCE1,211.2▼ 0.31%
TCS2,465▲ 4.89%
HDFCBANK728.85▲ 0.28%
INFY1,161.2▲ 4.61%
ICICIBANK1,397▲ 0.55%
SBIN962.6▲ 0.27%
BHARTIARTL1,905▲ 2.75%
ITC263.5▼ 0.15%
LT3,627.1▼ 0.13%
AXISBANK1,290▲ 0.16%
KOTAKBANK447.4▼ 0.12%
HINDUNILVR1,893.8▼ 0.17%
Gold (24K)4,181.1▲ 0.26%
Silver57.31▲ 0.82%
Copper6.57▲ 0.95%
Crude Oil (Brent)109.86▲ 3.72%
Natural Gas3.12▼ 3.71%
USD/INR94.96▲ 0.46%
Bitcoin81,617.58▲ 0.14%
Ethereum2,408.84▼ 0.45%
Solana103.47▼ 0.79%
BNB719.55▼ 0.19%
XRP1.29▼ 1.26%
Cardano0.22▼ 2.81%
Dogecoin0.08▲ 2.36%
REAL ESTATE 1h ago

8th pay commission: Official state visit to Mumbai planned this week — Here's all we know about meetings, agenda

Livemint Real Estate
Published 18 Oct 2026, 05:04 am IST

The 8th central pay commission (CPC) is in its consultation stage and has scheduled meetings in Mumbai this week and will hold discussions with employee unions, representatives, groups, pensioner associations, federations, and other stakeholders, before releasing its official recommendations.

The 8th CPC is chaired by former Supreme Court Justice Ranjana Prakash Desai, with Pankaj Jain, a former IAS officer as Member-Secretary, and Professor Pulak Ghosh, a tenured Professor of Finance and Member of the Economic Advisory Council to the Prime Minister as Member of the Commission.

Established by the central government every 10 years to revise the allowances, pay and pensions of its employees, the pay commission or CPC, is responsible for decisions on contributions, retirement benefits and government spending. Overall, the recommendations are set to benefit over 1 crore individuals, including about 50 lakh central government employees and close to 65 lakh pensioners, including personnel and retirees with the defence and railway ministries.

  • The panel will be in Mumbai on 22-23 October 2026 (Thursday-Friday) to meet with employee unions, representatives, groups, pensioner associations, federations, and other stakeholders.
  • Overall, the commission is examining changes that are desirable and feasible in the emoluments, including for pay (usually includes salary structure, pay matrix), allowances (usually include Dearness Allowance, Dearness Relief, HRA), and other facilities/benefits.
  • Earlier, the Railway Ministry said the commission intends to visit departments under the Central Railway (CR) Zone in the city to gain firsthand experience of the workers and employees' working conditions.
  • On the agenda is observation of track maintenance, signal operations, daily operations, duties and maintenance tasks, control rooms and job risks during its visit.
  • Two recognised federations — the All India Railwaymen's Federation and National Federation of Indian Railwaymen, were informed about the visit and provided a list of departments by the Railway Ministry and asked to suggest other crucial areas to be considered.
  • These meetings are significant because suggestions from representatives are expected to play an important role in shaping the commission's deliberations. These unions and groups collectively represent a large number of employees and pensioners, including defence and railway staff.

The current panel is the Centre's eight since Independence. It was constituted by Prime Minister Narendra Modi last year and issued its Terms of Reference (ToR) in November.

The ToR for the 8th CPC outlines that recommendations be announced within 18 months of panel constitution. Thus, the absolute deadline to submit the report is May 2027.

Once the pay commission's recommendations are made, the rollout could take another two to three years to complete. This means that hikes announced in 2027 may only be fully implemented by 2029 or 2030.

Jocelyn Fernandes is a journalist and editor with nearly 13 years of experience covering the business, corporate, economy and markets beats in news.<br> As chief content producer for around three years at Livemint (Hindustan Times), Jocelyn publishes breaking stories, explainers, features and live blogs on a range of business and economy topics, including the Budget, corporate developments, stock markets, income tax, money and personal finance, cryptocurrency, government policy, impact of US tariffs, international developments and more.<br> Jocelyn's writing philosophy is focused on delivering news in an accurate and accessible format for readers. She thus focuses her news coverage on explainers and FAQs in order to breakdown business, corporate, economic, and policy topics that are of importance to everyday readers.<br> She holds a Bachelors in Mass Media (BMM) and Post Graduate Diploma (PGD) in Journalism and Communication and has previously written for online business and markets news site Moneycontrol (Network18), Business-to-business (B2B) trade publications — the industry magazines Power Today and Solar Today (ASAPP Media), and the national news agency United News of India (UNI).<br> Outside of work, Jocelyn keeps up-to-date with local and international news, enjoys reading fiction books, novels and short stories, and enjoys movies, travelling and art. <br> She can be found on X and LinkedIn, and reached by email: <a href="jocelyn.fernandes@htdigital.in">jocelyn.fernandes@htdigital.in</a> <br> X/ Twitter handle: <a href="https://x.com/scribeJocelyn">@scribeJocelyn</a> <br> LinkedIn: <a href="https://in.linkedin.com/in/jocelyn-fernandes-journalist">LinkedIn</a>

Get Latest real-time updates

Catch all the Instant Personal Loan, Business Loan, Business News, Money news, Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.

More

✕

Wait for it…

Oops! Looks like you have exceeded the limit to bookmark the image. Remove some to bookmark this image.

Originally reported by Livemint Real Estate.Source: livemint.com