8th Pay Commission Update: There is great news for central government employees. The central government has recently increased the dearness allowance (DA Hike), after which the salary of the employees has increased.
8th Pay Commission Update: There is great news for central government employees. The central government has recently increased the dearness allowance (DA Hike), after which the salary of the employees has increased. Now good news is coming out from the government on the 8th Pay Commission update.
The Central Government may soon constitute a new Pay Commission, after which there is going to be a bumper increase in the salary of the employees. In the year 2024, there can be a bumper increase in the salary of the employees under the Eighth Nekam Commission.
When will work on new pay commission be done?
According to the information received from the sources, the work on the new pay commission will be done only after the general elections. At present, the movement is going on on behalf of the employees union regarding the new pay commission. Movement is going on across the country. A lot of discussion is going on in many states including Bengal. According to experts, there is no discussion about the Eighth Pay Commission from the government right now. Information about this has also been received in the Parliament.
How much was the salary of the employees increased by 4th Pay Commission –
Increase in salary – 27.6%
Minimum salary – Rs 750
How much was the salary of the employees increased by 5th Pay Commission –
Increase in salary – 31%
Minimum salary – Rs 2,550
How much was the salary of the employees increased by the 6th Pay Commission?
Fitment Factor – 1.86 times
Increase in salary – 54 percent
Minimum Salary – Rs 7,000
How much was the salary of the employees increased by the 7th Pay Commission (Fitment Factor)
Fitment Factor – 2.57 times
Increase in salary – 14.29 percent
Minimum Salary – Rs 18,000
How much was the 8th Pay Commission increasing the salary of the employees (Fitment Factor)
Fitment Factor – 3.68 times Possible
Increase in salary – 44.44%
Minimum Salary – Rs 26000 can be possible
New pay commission may be formed in 2024
It is believed that the government can set up a new pay commission at the end of the year 2024 and it can be implemented in the year 2026. If this happens, there will be the biggest increase in the salary of central employees. There can be huge changes in this as compared to the 7th Pay Commission. Let us tell you that after about 10 years, a change is made in the Pay Commission.
This information was given by the Minister of State for Finance
While giving information in the Parliament earlier, the government had told that there is no mention of it in view of the current situation. Minister of State for Finance Pankaj Chowdhary denied this in the Lok Sabha. Experts believe that the year 2024 will be the right time when the government will think about the new pay commission.
