8th Pay Commission: Check how the fitment factor could raise basic pay to over Rs.68,000 and its historical trend
New Delhi, May 21 -- One of the most closely followed terms among Central government employees, pensioners and related stakeholders is the 'fitment factor'. This term determines how the existing basic pay is converted into revised pay under a new pay structure. Its importance has grown further as discussions around the 8th Pay Commission continue to gain traction.
The term gained prominence during the 6th and 7th Pay Commissions because earlier commissions revised salaries through broader and more elaborate methods, such as rationalisation of pay, adjustments in dearness allowance, and need-based wage principles.
So far, India has witnessed seven pay commissions. The First Pay Commission was established in January 1946, and since then, ...
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