LATEST NEWS UPDATE ON 8TH PAY
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8th pay commission news update-
dELHI SE BADI KHABAR HERE IS ALL UPATE ABOUT 8TH PAY COMMISSONS
The central GOVERNMENT on Thursday announced plans to set up the 8th Pay Commission — with the salary and pension of more than 100 lakh people set to go up. Experts indicate that senior-level employees can expect their basic pay to rise by approximately 20 per cent while workers up to level five see a 25 per cent increase.“Employees belonging to levels 6 to 12 can expect around 20 per cent basic pay hike. And according to that, they can expect an increase in HRA and transport allowance,” said Harishankar Tiwari, former president of AG Office Brotherhood.He also explained that employees between level 1 and level 5 can expect a basic pay hike of approximately 25 per cent alongside an increase in HRA and transportation allowance.
The pay commission also typically recommends the formula for revising dearness allowance and dearness relief for central government employees and pensioners to compensate them for inflation.“The last pay commission took effect in January 2016 and gave a raise on the minimum basic pay from ₹7,000 to ₹18,000 using the fitment factor 2.57. In the 8th Pay Commission, it is believed that the increase in the minimum basic pay will be an astonishing 186 per cent. This may make the minimum basic pay to ₹51,480 per month
Prime Minister Narendra Modi saiD on Thursday that the decision to set-up the 8th Pay Commission will largely improve the lives of the Central government employees. PM Modi also said he was proud of the Central government employees who work to build a Viksit Bharat.“We are all proud of the efforts of all Government employees, who work to build a Viksit Bharat. The Cabinet’s decision on the 8th Pay Commission will improve quality of life and give a boost to consumption