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8th Pay Commission: Union Minister Ashwini Vaishnav announced the formation of the 8th Pay Commission. The minimum basic salary could increase from ₹18,000 to ₹51,480, depending on the fitment factor.
8th Pay Commission: The Union Cabinet, led by Prime Minister Narendra Modi, took a major decision on Thursday. Union Minister Ashwini Vaishnav announced the formation of the 8th Pay Commission. The commission’s purpose is to revise the salaries, pensions, and allowances of central government employees and pensioners. This announcement comes just days before Budget 2025.
What is the 8th Pay Commission?
This commission will make recommendations for changes in the salaries, dearness allowance (DA), and pensions of central government employees and retirees. Allowances based on inflation will also be included.
How much will salaries increase?
The government has not yet officially announced the percentage of salary increases. However, reports suggest that the minimum basic salary could increase from ₹18,000 to ₹51,480 based on the fitment factor.
What is the fitment factor?
It is a multiplier used to calculate salaries and pensions. It takes into account factors such as inflation, the government’s financial situation, and the needs of employees.
Who will benefit?
– Approximately 5 million central government employees (including defense personnel).
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