2 days Ago By Shyamu Maurya
Tuesday, November 19, 2024 Facebook Instagram Twitter WhatsApp Youtube Personal Finance Education Entertainment Jobs Alert Sports Hindi Technology Complaint Redressal. Fact-Checking Policy Correction policy Authors and Team DNPA Code of Ethics Onwership and Funding Cookie Policy Terms of Service Disclaimer Contact US About Us More Search Home Personal Finance 8th Pay Commission: Good news for central employees! You can get 2.86.
.. Personal Finance 8th Pay Commission: Good news for central employees! You can get 2.
86 fitment factor; Know how much salary will increase By Shyamu Maurya November 19, 2024 0 19 Share Facebook Twitter Pinterest WhatsApp Telegram 8th Pay Commission: Good news for central employees! You can get 2.86 fitment factor; Know how much salary will increase 8th pay commission fitment factor: Fitment factor is the coefficient through which salary and pension are revised. The 7th Pay Commission had suggested a fitment factor of 2.
57, due to which the minimum salary increased from ₹ 7,000 to ₹ 17,990. 8th pay commission fitment factor: Discussions have intensified regarding the 8th Pay Commission for central employees. Especially there is a heated debate on the Fitment factor, which is the main basis for revision of salary and pension.
Shiv Gopal Mishra, Secretary of the National Council of Joint Consultative Machinery (NC-JCM), has recently demanded to increase the fitment factor. He says that this step is very important in view of inflation. What is the Fitment Factor and why is it important? The fitment factor is the coefficient through which salary and pension are revised.
The 7th Pay Commission had suggested a fitment factor of 2.57, due to which the minimum salary increased from ₹ 7,000 to ₹ 17,990. Now in the 8th Pay Commission, it has been suggested to keep the fitment factor at 2.
86. If this demand is accepted, then the minimum salary can go up to ₹ 51,451. How much will the salary increase? If the fitment factor of 2.
86 is applied in the 8th Pay Commission, then the minimum salary of central employees can increase significantly from the current ₹ 17,990 to ₹ 51,451. This increase is being said to be necessary in view of inflation and rising cost of living. However, there are some rumors that the minimum salary can be between ₹ 34,000 to ₹ 35,000, but Shiv Gopal Mishra dismissed these reports and said that there is no such official confirmation.
When will the 8th Pay Commission be formed? No official information has been given by the government regarding the 8th Pay Commission yet, but it is expected that it will be constituted in 2026. Central employees and pensioners are eagerly waiting for it. All eyes are on whether the government will make a fair and timely amendment keeping in mind inflation and rising cost of living.
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