8th Pay Commission: 400% Salary Hike, 5 Fitment Factor Formula, And All You Need To Know
8 Pay Commission: The 8th Pay Commission has become much bigger than a routine salary revision exercise. What started as consultations over pay hikes and pensions is now turning into a nationwide debate over how much the government can realistically afford to give its employees. And at the centre of that debate is a proposal that has grabbed attention across departments -- a salary revision formula that could push pay hikes beyond 400 per cent for some senior employees. The proposal has come from the Indian Railway Technical Supervisors' Association (IRTSA), one of the key employee bodies participating in the ongoing consultations with the 8th Pay Commission. Instead of asking for one common fitment factor for everyone, the association has proposed five different fitment factors for different pay levels. NDTV's Shubh Bhardwaj brings you the details.
