8th Pay Commission: Minimum salary of central govt employees to be raised to Rs 51480? Check calculation

8th Pay commission News: As the 7th Pay Commission is about to complete 9 years and enter the final phase of its tenure (as past Pay Commissions have typically lasted 10 years), there is a lot of buzz surrounding the formation of the 8th Pay Commission. Around 1.2 crore central government employees and pensioners are eagerly awaiting two key updates: when the government will announce the formation of the 8th Pay Commission and what the expected hike in pensions and salaries will be for central government staff.

As for the timeline for setting up the 8th Pay Commission, the Centre has not made any official commitments so far. However, several media reports have speculated that the 8th Pay Commission will soon be formed, based on the historical trend of governments setting up a Pay Commission approximately every 10 years. According to this assumption, it is expected that the new Pay Commission will be formed after the term of the 7th Pay Commission ends on December 31, 2025.

Also read: 8th Pay Commission Formation: ‘Time apt for announcement…govt will take decision’ – Key takeaways from Staff Side-govt meeting

Also Read 7th Pay Commission: DA at 53% to be merged into basic pay before January revision for central govt employees? Big update on pension rules! Centre issues clarifications on qualifying service for pension and gratuity – Details Over-regulation pitfalls EXPLAINER | Why south India wants big families

Similarly, there have been several speculative media reports suggesting a likely new fitment factor, and based on this, projections for the hike in salaries and pensions of employees and pensioners. The pay scales of central government staff are revised under each Pay Commission by applying a fitment factor. For example, under the 7th Pay Commission, employees’ salaries were revised using a fitment factor of 2.57. However, employee unions had demanded a fitment factor of 3.67.

What is expected fitment factor for deciding minimum salary under 8th Pay Commission?

According to a report by NDTV, Shiv Gopal Mishra, Secretary (Staff Side) of the National Council of Joint Consultative Machinery (NC-JCM), is expecting a fitment factor of “at least 2.86” for the revision of salaries and pensions. Based on this fitment factor, the minimum basic salary of a government employee would rise to Rs 51,480, up from the current minimum salary of Rs 18,000.

 » Read More

Related Articles

BluSmart denies reports of acquisition discussions with Uber

EV cab aggregator BluSmart has denied reports of being in discussions or negotiations with Uber regarding a possible acquisition. A spokesperson from BluSmart told CNBC TV18 that reports suggesting such a development are entirely speculative and unfounded.  The company spokesperson further maintained that BluSmart remains focused on scaling its operations, expanding its footprint, and driving

Welspun Corp bags new orders worth Rs 2,400 crore for supply of coated pipes in the US

Welspun Corp Ltd on Monday announced that it has received a new order worth Rs 2,400 crore (approx) in the US. The order, it added, is for supply of coated pipes for Natural Gas Pipeline Projects in the USA.  In a regulatory filing, the company said that the orders will be executed largely during FY26

Can the Nifty scale past 23,000 this week? A look at key levels to watch

All eyes are on the market levels this week after the Nifty failed to close above 22,500 last week. Positive global cues are expected to boost sentiment. Market participants have noted that the Nifty 50 needs to jump above the 22,500 mark decisively for an uptrend as this has become a key resistance level while

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Stay Connected

0FansLike
0FollowersFollow
0SubscribersSubscribe
- Advertisement -

Latest Articles

BluSmart denies reports of acquisition discussions with Uber

EV cab aggregator BluSmart has denied reports of being in discussions or negotiations with Uber regarding a possible acquisition. A spokesperson from BluSmart told CNBC TV18 that reports suggesting such a development are entirely speculative and unfounded.  The company spokesperson further maintained that BluSmart remains focused on scaling its operations, expanding its footprint, and driving

Welspun Corp bags new orders worth Rs 2,400 crore for supply of coated pipes in the US

Welspun Corp Ltd on Monday announced that it has received a new order worth Rs 2,400 crore (approx) in the US. The order, it added, is for supply of coated pipes for Natural Gas Pipeline Projects in the USA.  In a regulatory filing, the company said that the orders will be executed largely during FY26

Can the Nifty scale past 23,000 this week? A look at key levels to watch

All eyes are on the market levels this week after the Nifty failed to close above 22,500 last week. Positive global cues are expected to boost sentiment. Market participants have noted that the Nifty 50 needs to jump above the 22,500 mark decisively for an uptrend as this has become a key resistance level while

Upcoming Dividend, Bonus, Stock Split: From PFC to IRFC, A look at key corporate action this week

For stock market investors, few things are as exciting as corporate rewards such as dividends landing in their accounts, extra shares through bonuses, or stock splits making pricey stocks more affordable. And this week, there is a lot happening on that front. Some of the most watched stocks include Indian Railway Finance Corporation (IRFC), Power

Upcoming IPOs: 1 mainboard, 3 SME issues open for subscription this week, 2 new listings to hit the market

The IPO market is back in action. After a relatively quiet spell, the primary market is heating up again with four new public issues set to open for subscription this week. Investors can look forward to one mainboard IPO and three SME IPOs hitting the Street, while two recently concluded issues will make their market