8th Pay Commission: Central government employees could receive positive updates. The minimum basic salary for government employees can potentially be raised from 18 thousand to 51 thousand. If this occurs, over ten million employees will reap the benefits. Central government workers and retirees are eagerly anticipating the announcement of the establishment of the 8th Pay Commission under Prime Minister Narendra Modi’s leadership.
Government is contemplating the implementation of the 8th Pay Commission
The government is contemplating the implementation of the 8th Pay Commission. Should this occur, the fitment factor utilized in salary calculations will rise, resulting in a potential increase in basic salary. When the 8th Pay Commission is established, it will propose adjustments to salaries and pensions based on the country’s current economic situation. Even though the central government under Narendra Modi has not made any statement about the 8th Pay Commission.
Government may raise the minimum salary and pension by 186 percent!
However, it is being predicted that the government may raise the minimum salary and pension by 186 percent. While there is no confirmation from the government, it is anticipated to be revealed in the forthcoming Union Budget. Changes are expected to be implemented in January next year under the 8th Pay Commission if approved by the government. The committee is expected to introduce significant alterations in salary increases and benefits for central government employees and their dependents.
The National Council of Joint Consultative Mechanism (NC-JCM) has suggested that the increase in salary for workers should be determined by the suggested fitment factor of 2.86. Recent reports indicate that the pay will be multiplied by 2.86 if the central government adopts this.