8th Pay Commission update : Good news for employees. In fact, according to a recent update, it is being said that under the Eighth Pay Commission, there may be a 44.44 percent increase in the salary of employees.
8th Pay Commission: Good news for central employees may be available next year. The central government can give them very good news. The good news is related to pay commission. According to information received from sources, after the 7th Pay Commission, the 8th Pay Commission can be brought. However, no formal statement has come from the government on this. If sources are to be believed, discussions have started regarding the formation of a new pay commission. It is expected that next year Modi government can make a big announcement for central employees.
Preparations are going on for 8th Pay Commission
There is a movement of employees and pensioners in Delhi regarding the 8th Pay Commission. For the second consecutive time in a month, government employees are demanding that the government should clarify the situation on the next pay commission. If the government decides on this, then there can be a big increase in the minimum salary of central employees. Till now the discussion was that the 8th Pay Commission will not come. But, it is expected that preparations for the next pay commission are going on. However, no confirmation has been given by the government. Government sources are saying that the government is paying attention to this.
There will be a huge jump in salary
If sources are to be believed, general elections will be held in the year 2024. Therefore, formation of a new pay commission for employees can be discussed. However, it is too early to say when the Pay Commission is likely to be formed next year. Employees can get huge benefits after the implementation of 8th Pay Commission. If sources are to be believed, the government is in favor that there should be no need to constitute any panel for pay commission. Rather, there should be a new formula for salary revision within the pay commission itself. This is being considered right now.
When can the 8th Pay Commission come?
If sources are to be believed, the 8th Pay Commission should be constituted in the year 2024. At the same time, it can be implemented within one and a half years. According to experts, if this happens, there is expected to be a huge jump in the salaries of central government employees. Many changes are possible in the 8th Pay Commission as compared to the 7th Pay Commission. There may be some changes regarding fitment factor also. Let us tell you, till now the government constitutes the pay commission once in 10 years.
How much will the salary increase?
There is going to be a lottery for employees in the 8th Pay Commission as compared to the 7th Pay Commission. If everything goes well then the biggest jump in the salaries of the employees is expected. The fitment factor of employees will increase to 3.68 times. Also, whatever the formula, there can be an increase of 44.44% in the basic salary of the employees. So this was good news for the employees which can make the employees happy.
