8th Pay Commission Millions of government employees hit the jackpot, basic salary…

There is a very pleasant piece of information for all employees. The most important factor which qualifies an employee’s entire life is salary because that runs his house. There are figures showing a bumper hike in basic salary of central employees. As for the 8th Pay Commission’s salary increment, the basic wages of employees will increase from Rs 18,000- Rs 51,480. Hailing something like that is a great news for central employees.

The first complete budget of its third term under Narendra Modi is due out on Feb 1, 2025. This is a very advantageous budget for employees. The payday is eagerly awaited by all government employees for the 8th Pay Commission’s budget. In the run-up to the budget’s presentation, an extremely important update is coming on salary increments of employees.

All employees are waiting for the 8th Pay Commission from the Narendra Modi Government.

Everyone is fixed on the 8th Pay Commission from the Narendra Modi government. All employees are hopeful that the 8th Pay Commission will be announced in this budget. There is a lot of expectation from employees and pensioner retired people.

Only salary increment and nothing else.

Figure after figure of bumper salaries is coming through 8th Central Pay Commission. They can increase it by 2.86% thanks to the National Council of Joint Consultative Machinery’s recommendations. A fitment factor of 2.86 can be applied to the basic salary of central employees. This would make the employees and also pensioners happy.

Allowances on dearness will be coming.

7th Pay Commission currently grants the dearness allowance (DA) to employees at 53% of the basic pay. From the 8th Pay Commission, it is expected that on a new DA on the basic pay, there would be a huge salary increase every year. If the allowance would be revised twice-yearly, salary enhancement events could be expected every six months.

The budget has been fixed to be launched on April for the unified pension scheme

Central employees are demanding the old pension scheme by OPS as opposed to this, the government has passed the Unified Pension Scheme (UPS), which is expected to be implemented by April this year. In this scheme, an average of 12 months basic salary earned by the employee is granted to him as pension just before retirement. It will result in payment equal to or better than the NPS.

Highlights about the appointment of the 8th pay commission

Employee taunts a significant wait for the 8th Pay Commission. Budget eyes expectation announcement of the new pay commission in this session (its previous one). It will ease the new pay commission notably for the employees. However, much is yet to be done regarding all its announcements.

Sumit Kumar A passionate content writter with over 3 year Experience in Online Media Sector. He brings his expertise and skill set to the news section, providing readers accurate insights. Currently working as a Editor
for this blog - [email protected]

Leave a Comment