8th Pay Commission Employees Salary Hike : Hello friends, a very good news has come for all of you. Yes, you are hearing it right. We want to inform you through this article that the report of the 8th Pay Commission has come, according to which the salary of all employees is going to increase by 34%.
If you are an employee living abroad, then you should study this article till the end and read the complete information about 8th Pay Commission Employees Salary Hike in detail through this article.
These sectors will get direct benefit
We would like to tell you that according to the report released by Ambit Capital, the following service sectors are going to get direct benefit due to the implementation of the 8th pay: Passenger vehicles, banking finance and insurance, FMCG, everyday use items, QSR fast food industry.
We will answer the biggest question of you people here, which is how much the salary of the employees will increase due to the coming of the commission, so we want to tell you that two estimates of the increase in salary are being made according to media reports.
In which firstly, there is a possibility of a 14% increase in the salary of lower seniors and secondly, there is a possibility of a 54% increase in the salary of higher seniors. According to media reports, it has been learnt that to implement the increase, the government will have to make an additional arrangement of Rs 1.3 lakh crore.
According to the information received by Ambit Capital, many measures will have to be adopted to manage the government’s expenditure. For example, we want to tell you that capital expenditure may have to be cut. GST rates will have to be made simple and rational. The government will depend on dividends from government companies and RBI. In this way, the government is likely to manage all its expenses after the implementation of the Eighth Pay Commission.
How was the 7th Pay Commission?
We will discuss about the Seventh Pay Commission here. You should be well aware that the Seventh Pay Commission was applicable from January 2016 to December 2025. During this period, there was only 14% salary increase which was very less after 1970. According to media reports, it has been learned that at that time the capital investment was reduced by the government to reduce expenditure.
Information is also coming out that there is every possibility of a big change in NPS. According to media reports, it has been learned that the Integrated Pension Scheme can be implemented from the year 2025. Under this, the government’s contribution to the pension fund can increase from 14 percent to 18.5%. Out of which 8.5%, the government will decide where this fund is going to be invested.
What will be the condition of the stock market?
Friends, I would like to tell you that due to the implementation of the eighth pay, the stock market is going to be affected. According to the information received from media reports, the government is going to invest 45% of the fund in the equity market. So the flow of investment in the market will increase by Rs 24500 crore.
And there is a full possibility that it will reach up to Rs 46500 crore. This amount is going to be an estimated 7.7% of the domestic investment of FY 2025. It is learnt that there will be no problem in getting the latest information of the Eighth Pay Commission.
