7th Pay Commission Latest Update: At a time when 50 lakh government employees are expecting a 4% DA hike and revision in fitment factor, the latest reports claimed that the government is planning to set up the 8th Pay Commission soon. Though an official statement is still awaited, it is expected that the new commission will see a lot of changes as compared to the old 7CPC.
8TH PAY COMMISSION: WHEN CAN WE EXPECT ITS IMPLEMENTATION
Reports are claiming that the 8th pay commission can be introduced in 2024 and might be implemented two years later, i.e, in 2026. Experts are of the view that the government can give this big bonanza to the employees in the wake of the Lok Sabha Elections, expected to be held by May 2024.
4% DA HIKE ANNOUNCEMENT EXPECTED BY NEXT WEEK
If reports are to be believed, the government is mulling to make an announcement regarding the 4 per cent DA hike by next week as the documentation work is still underway. For the unversed, the government would also revise the fitment factor in March 2023. The hike would be effective from January 1, 2023. The government is also expected to give 18-month DA arrears to the central government employees.
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