7th Pay Commission latest news: When the Union Budget 2023-2014 is presented next Wednesday, the Central Government may announce the 8th Pay Commission, which would be significant news for thousands of central government employees. On February 1, Union Finance Minister Nirmala Sitharaman will present the budget.
There have been numerous voices calling for the 8th Pay Commission to take the place of the 7th Pay Commission. According to the most recent reports, central government employees are increasingly speculating that the Centre might include an announcement regarding the 8th Pay Commission’s arrival in the budget.
Regarding this significant announcement, central employees’ expectations are growing. Central employees’ salaries will substantially rise from the lowest to the highest levels of the pay scale if the government announces the 8th Pay Commission.
Employees’ allowances, pay scale, and basic salary will all rise as a result of the new pay commission. They could also get a bigger boost to their Fitment Factor in the future.
According to the patterns outlined in the three most recent announcements regarding 5th, 6th, and 7th Pay, pay commission rules for central government employees are typically updated every ten years. The government may announce the 8th Pay Commission in 2023 and implement its recommendations by 2026, according to estimates.
