New Pay Commission Update: Central government can give great news to the employees. According to our associate website Zee Business, the government may soon bring the Eighth Pay Commission after the Seventh Pay Commission.
8th Pay Commission: Employees across the country are waiting for the eighth pay commission. The central government can give very good news to the employees. According to our associate website Zee Business, the government may soon bring the Eighth Pay Commission after the Seventh Pay Commission. At present no official announcement has been made. According to media reports, discussions have started on the formation of a new pay commission.
Movement going on
According to the news of Zee Business, there is a movement of employees and pensioners in Delhi regarding the 8th Pay Commission. For the second time in a month, employees are demanding clarification from the Pay Commission. If the government’s mood is formed on this, then there can be a big increase in the minimum salary of the employees. However, no official confirmation has been made by the government.
Elections will be held in 2024
Elections are to be held across the country in the year 2024. In such a situation, the government can also discuss the formation of new salaries of the employees. At present, no official announcement has been made by the government in this regard. If sources are to be believed, the government is in favor that there should be no need to constitute any panel for pay commission. Apart from this, a new formula should be worked out for salary revision.
To be formed in 2024
According to sources, the 8th Pay Commission is to be constituted in the year 2024. After this, it is to be implemented within about one and a half years. Experts believe that after the implementation of the Eighth Pay Commission, there is going to be a bumper increase in the salaries of central employees. Apart from this, there may be changes in the fitment factor also.
Basic salary may increase by 44.44 percent
After the implementation of 8th pay commission, lottery for central employees is going to be held. Apart from this, the fitment factor of employees will also increase to about 3.68 times. According to media reports, the basic salary of the employees may also increase by about 44.44 percent.
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