New Delhi, Aug. 8 -- Union Minister Piyush Goyal announced earlier this year that the Cabinet has approved the constitution of the 8th Pay Commission to revise the salaries of central government employees.

Notably, the fitment factor will be one of the most keenly watched factors in the 8th Pay Commission. Here's a detailed guide on the importance of fitment factor and how it will impact salary hike -

Fitment factor is used to revise salaries, pensions, and allowances of government employees. It is an essential multiplier that sets the levels for salaries and pensions for government employees. Fitment factor is determined by considering various factors such as inflation, employee needs, and the government's financial capacity.

The sala...