Good news! When will Modi government implement 8th pay commission?

 Good news! When will Modi government implement 8th Pay Commission? How much will the salary increase? To implement the Seventh Pay Commission, the fitment factor was fixed at 2.57 by the government. Based on that, currently the minimum salary is 18000 rupees. Now the rule of fitment factor is expected to be applied again. What effect will it have? 8th Pay Commission Lates Update

Eighth Pay Commission: New hope for government employees

Eighth Pay Commission has become an important topic for crores of central government employees and pensioners. Once every ten years a new pay commission is formed by the government through which the salaries of the employees

Why Eighth Pay Commission Discussion?

Inflation and rising cost of living: Inflation and cost of living are increasing every year, due to which the purchasing power of employees is decreasing. In such a situation, it is necessary for the employees to get salary increment commensurate with inflation and cost of living.

Demands of employees: Eighth pay commission is being demanded by the government employees organizations. He believes that the eighth pay commission will significantly increase the salary of the employees.

What to Expect in 8th Pay Commission?

According to a news published in Financial Express, the fitment factor may be kept at 1.92 to increase the salary of employees in the Eighth Pay Commission. If this happens, the minimum wage will increase to Rs 34,560. Similarly those who have retired will also get more pension than before. It can increase up to Rs 17,280.

What is fitment factor?

Fitment factor is a coefficient used to calculate salary and pension of employees. The higher this coefficient is, the higher the salary will be.