8th Pay Commission Latest news: Both Pensioners And Employees Will Get Benefit
8th Pay Commission Latest news:
The central government employees in India have received great news regarding their pay scale. As per recent reports, the government is likely to constitute a new pay commission, which could increase the salary of employees by more than 44 percent. This update comes after the government increased the dearness allowance of central government employees recently, resulting in a significant increase in their salary.
The recommendations of the previous 7th Pay Commission are applicable nationwide, but some employees feel that they are not getting paid as recommended. Employee unions are preparing a memorandum to demand an increase in salary or the introduction of an 8th Pay Commission. The memorandum will be submitted to the government soon.
Both Pensioners and employees will get benefit
There is a growing demand across the country to bring the 8th Pay Commission for central employees, which will benefit both employees and pensioners. This demand has gained momentum as the government has recently increased the dearness allowance of central government employees, but employees claim that they are still receiving less than what was recommended for them by the 7th Pay Commission.
The formation of the 8th Pay Commission is expected to increase the salaries of employees by more than 44 percent, which will be a significant boost for lakhs of employees and pensioners in the country.
According to recent reports, the Union Minister of State for Finance, Bhagwat Karad, mentioned the possibility of an Eighth Pay Commission in the Parliament. It is now being speculated that after the Lok Sabha elections, the government will discuss and implement the new pay commission. The calculation for the new commission is expected to be based on the recommendations of the previous commission.
There are also talks about the government constituting a new Pay Commission in 2024, which could be implemented in 2026. This move could result in the biggest increase in the salary of central employees, with significant changes as compared to the seventh Pay Commission. It is noteworthy that the Pay Commission is revised after a gap of around 10 years. If these reports hold true, lakhs of central employees can expect to benefit from the proposed changes
Minimum salary can be up to 26 thousand rupees
As per the information from affiliate website Zee Business, central employees’ organizations have stated that the minimum wage limit for employees is currently set at Rs. 18,000. They have emphasized the importance of the fitment factor for salary increments, which is currently set at 2.57 times. However, the 7th Pay Commission has recommended that it be increased to 3.68 times. If the government agrees to this recommendation, the minimum salary for employees will rise from Rs. 18,000 to Rs. 26,000.
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