The 8th Pay Commission has been formally set up, nearly 10 months after it first received the Union Cabinet's nod. (Photo source: NDTV Profit) Show Quick Read Summary is AI Generated. Newsroom Reviewed

The details of the Terms of Reference (ToR) for the 8th Pay Commission, which were approved by the Union Cabinet last week, have been released. The ToR will serve as a broad framework for the panel, which is being headed by Justice (retired) Ranjana Desai.

The ToR for the commission includes the examination of "existing schemes of bonus with a view to improving performance and productivity".

The panel will also be required to make recommendations on the general principles, financial parameters, productivity and performance-linked parameters for an appropriate incentive scheme to rewa

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