The central government is set to launch the 8th Pay Commission under which the Level 1 employees, which includes peons and attendants, will receive a massive pay revision. The Union Cabinet, led by Prime Minister Narendra Modi, has approved the Terms of Reference (ToR) for the 8th Pay Commission, under which the commission will massively revise salaries, pensions, and allowances for central government employees.

The fitment factor for pay hikes is highly crucial, which the commission will discuss in the coming months before submitting its recommendations.

Fitment Factor: How much will salaries increase under the 8th Pay Commission?

In a report by the Kotak Institutional Equities and Ambit Capital, based on their research, the fitment factor, the figure on which salaries and pensions

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