Srinagar, March 26 -- The salaries of central government employees may rise by up to Rs 19,000 per month if the 8th Pay Commission is implemented, Goldman Sachs has said. Around 50 lakh central government employees and 65 lakh pensioners will benefit from the pay revision.

What Is Pay Commission?

Pay Commission is a government-appointed body that reviews and recommends salary, pension, and benefits revisions for central government employees and pensioners in India. It is set up periodically (usually every 10 years) to revise pay scales based on economic conditions, inflation, and cost of living.

Estimated Salary Increase

Currently, a mid-level government employee earns an average of Rs 1 lakh per month (pre-tax). Based on different bu...