New Delhi, Oct. 28 -- The Union Cabinet, chaired by Prime Minister Narendra Modi, on October 28 has approved the Terms of Reference (TOR) of 8th Central Pay Commission, an official release said.

While making the recommendations the Commission will keep in view the followings:

i. The economic conditions in the country and the need for fiscal prudence;

ii. The need to ensure that adequate resources are available for developmental expenditure and welfare measures;

iii. The unfunded cost of non-contributory pension schemes;

iv. The likely impact of the recommendations on the finances of the State Governments which usually adopt the recommendations with some modifications; and

v. The prevailing emolument structure, benefits and working c...