PM Modi said the cabinet’s decision on the eighth pay commission will increase consumption.”Every government employee’s efforts to create a Viksit Bharat are something we are all proud of. “The Cabinet’s decision on the 8th Pay Commission will boost consumption and improve quality of life,” PM Modi stated.
The government’s move to form the eighth pay commission, according to Prime Minister Narendra Modi, will increase consumption and raise living standards. We are all proud of the efforts made by all government workers to create a Viksit Bharat,” he stated on X. Consumption will increase and quality of life will be enhanced by the Cabinet’s decision on the 8th Pay Commission. PM Modi authorized the formation of the 8th Pay Commission on Thursday in order to update the pay of about 50 lakh central government employees.
The government made a significant step on Thursday, establishing the 8th Pay Commission to update central government employee pay and pensioner benefits.
PM Modi said the cabinet’s decision on the eighth pay commission will increase consumption. “Every government employee’s efforts to create a Viksit Bharat are something we are all proud of. “The Cabinet’s decision on the 8th Pay Commission will boost consumption and improve quality of life,” PM Modi stated.
PM Modi
It said the cabinet’s decision on the eighth pay commission will increase consumption.
PM Modi expressed his pride in the work done by all government personnel. On Thursday, Prime Minister Narendra Modi declared that the government’s choice to form the eighth pay commission will increase consumption and enhance the.
According to Vaishnaw, discussions with the federal government, state governments, and other interested parties would take place.
The government has established seven pay commissions since 1947. In determining pay scales, perks, and allowances for government workers, the pay commission plays a crucial role. The majority of state-owned businesses abide by the commission’s recommendations.
In 2014, the 7th Pay Commission was established, and on January 1, 2016, its recommendations were put into effect.
8th Pay Commission: The minimum wage for government workers will increase by 186% to Rs 51,480 if the government accepts the fitment factor of 2.86, as opposed to the current payout of Rs 18,000 now.
The 8th federal Pay Commission was established by the federal government on Thursday with the responsibility of examining and suggesting changes to central government employees’ salaries. By 2026, the commission must turn in its report.
“The 8th Central Pay Commission for all employees of Central Government has been approved by the Prime Minister,” Union Minister Ashwini Vaishnaw stated Thursday at a Cabinet meeting.
Vaishnaw added that two Commission members and the chairman would be chosen shortly.
Increase in the Minimum Salary for the 8th Pay Commission
A minimum wage increase of 186% is anticipated for central government employees, according to certain previous sources.
Under the 7th Pay Commission, employees now get a minimum basic wage of Rs 18,000 per month, up from Rs 7,000 under the 6th Pay Commission.
According to National Council of Joint Consultative Machinery (JCM) Secretary (staff side) Shiv Gopal Mishra, he anticipates a fitment factor of at least 2.86. In comparison to the 2.57 fitment factor under the 7th Pay Commission, it is 29 basis points (bps) greater.
According to a Financial Express report, if the government accepts the fitment ratio of 2.86, the minimum wage for government workers will increase by 186% to Rs 51,480 from the present payout of Rs 18,000.
Salary increases will be proportionate to any further increase in the fitting factor.
An increase in the fitting factor boosts employee pay and pensions who are looking for this thing from a while.
