8th Pay Commission: After the increase of 4 per cent in dearness allowance and dearness relief, the government is contemplating to raise many more allowances, the discussion of the 8th Pay Commission is also in full swing. With the implementation of the 8th Pay Commission, the salary of the employees will increase by more than two and a half times. This will benefit more than one crore central employees and pensioners.

Once again the discussion has been intensified in the government departments. The talk about the 8th Pay Commission is progressing and if everything goes well, then in 2024, the 8th Pay Commission can be planned. If this happens, then there can be a tremendous increase in their salary. However, nothing has been said officially from the government yet.

Also Read: Petrol, Diesel Price Today: Oil company releases new rate; Check the rate of your city here

Minimum wage

According to reports, the minimum wage of government employees can be increased from Rs 18,000 to Rs 26,000 if the proposal of the employees union gets approval. At the same time, the fitment factor will increase to 3.68 times.

Recommendations

Recommendations of 8th Pay Commission may be implemented in 2026. The pay commission for the employees is implemented only once in every ten years. The same pattern has been seen in the implementation of the 5th, 6th and 7th pay commissions. According to an estimate, the 8th Pay Commission will be set up in the year 2024 and whose recommendations can be implemented in 2026.

Also Read: Daring or Daredevil? Dale Ventures’ CEO speaks out about investment planning

Pay commission Abolishment?

Along with this, there are also reports that after the 7th Pay Commission, its tradition will end. That is, after the 7th pay commission, now no new pay commission will come. Instead, the government can implement an automatic increment system. In this, the salary increase of government employees will be done automatically. It can be like increment in private jobs. In this, if the DA is more than 50 percent, there will be automatic revision in the salary.

Read More :- Latest Business News