The National Stock Exchange (NSE) has appointed former IAS officer Injeti Srinivas as chairman. Let us know whether he will get the benefit of 8th Pay Commission in salary or not.

The National Stock Exchange (NSE) has finally got its new chairman. Injeti Srinivas, former chairman of International Financial Services Centers Authority (IFSCA), has now been appointed to this important post which has been vacant for two years. NSE says that Srinivas's long administrative and financial experience will play a big role in the growth of the exchange and preparation for IPO.

Injeti Srinivas' career has been very impressive. He is a 1983 batch Odisha cadre IAS officer. He did Economics (Hons) from Shriram College of Commerce, Delhi University and then took an MBA degree from Strathclyde Business School, UK.

Has been the Corporate Affairs Secretary. Became the first chairperson of IFSCA and contributed to institutional reforms. Was a member of the Financial Stability and Development Council from 2017 to 2023. Also served on the boards of SEBI and LIC. Just last week, he joined the NSE board as a Public Interest Director. Now he has been given the responsibility of chairman.

Benefit of 8th Pay Commission?

NSE is a private institution, so its chairman is given a corporate salary package instead of a fixed pay scale like the government. According to reports, the National Stock Exchange of India (NSE) gives excellent salary packages to its employees. The highest paid position here is the Vice President, whose annual income ranges from about Rs 67.5 lakh to Rs 1.2 crore.

The top 10% of the company's employees earn more than Rs 25.8 lakh annually, while the top 1% of employees earn more than Rs 74.9 lakh. Since Injeti Srinivas is a former IAS officer, he is already getting pension and other benefits related to government service. The salary package of NSE will be separate and additional to this.

Actually, the 8th Pay Commission will be applicable only to those employees and officers who are currently in government service. Srinivas has retired from IAS, he will not get the benefit of this in his salary. However, his pension can definitely be affected.