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8th Pay Commission: Eighth Pay Commission will come for employees, file is ready

8th pay commission latest update: Great news for the employees. In fact, according to a recent update from the government, the Eighth Pay Commission will soon come for the employees. Let’s know the complete information in detail in the news below-

There is big news for the employees. In fact, soon a new Pay Commission will be constituted. Its discussion has started. It is believed that the government can make a big announcement for this before the Lok Sabha elections. A file is being prepared for this. With this, now the 8th Pay Commission can be started in place of the 7th Pay Commission.

Preparing file!

Central government employees have been demanding a new pay commission from the Modi government for a long time. And now the Modi government is going to be kind to them. Great news can be given to the employees by the government. According to the information received from the sources, the discussion of formation of new pay commission has started. A file is being prepared for this.

Possible increase in minimum salary

With the formation of the new Pay Commission, an increase in the minimum salary of the employees can be seen. The Modi government will give gifts to the employees before the next Lok Sabha elections. Although the new pay commission can be implemented for this. At present, it has not been officially confirmed in any way but it is being expected. After the Seventh Pay Commission, now the preparation for the next Pay Commission has started.

Formation of 8th Pay Commission is possible by the year 2024-

If sources are to be believed, the 8th Pay Commission should be constituted in the year 2024. Wherein it can be implemented from within one and a half years. In such a situation, it is also expected to be implemented by 2026. With its implementation, a tremendous jump in salary will be seen. Many changes are also possible in the same 8th Pay Commission. Some changes can also be made regarding the fitment factor. Tell that till now the government used to constitute the Pay Commission once in 10 years.

The formula for calculation will also be fixed-

According to sources, with the formation of the new pay commission, there will be a bumper increase in the salary of the employees. It is too early to say what changes will happen in the Pay Commission, but the full responsibility of this will rest with the Chairman of the Pay Commission. The chairman of the new pay commission can also be announced before the 2024 general elections. The committee will be formed under his supervision and decisions will be taken. Along with this, the formula for calculation will be decided.

44.44% increase in basic salary-

In fact, the employees are continuously demanding increase in the fitment factor. At present the fitment factor is 2.57, which is being demanded by the employees to be increased to 3.68 times. If the new pay commission is constituted, then the fitment factor of the employees will increase to 3.68 times. Along with this, an increase of 44.44% can be seen in the basic salary of the employees.

Parvesh Maurya
Parvesh Maurya
Parvesh Maurya, has 5 years of experience in writing Finance Content, Entertainment news, Cricket and more. He has done BA in English. He loves to Play Sports and read books in free time. In case of any complain or feedback, please contact me @ informalnewz@gmail.com
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