8th Pay Commission: Will a 5-family unit formula push fitment factor above 3.0? See the math
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Sat, Mar 07, 2026 | 01:40 PM IST

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8th Pay Commission: Will a 5-family unit formula push fitment factor above 3.0? See the math8th Pay Commission: Will a 5-family unit formula push fitment factor above 3.0? See the math

Central government employee unions are advocating for an increase in the family unit definition from three to five members for the 8th Pay Commission. This change, they argue, could significantly boost the fitment factor, potentially exceeding 3.0 by incorporating parental care responsibilities and modern family structures.

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Equities in prolonged correction: Is this right time to get your portfolio rebalancing right before the window disappears?Equities in prolonged correction: Is this right time to get your portfolio rebalancing right before the window disappears?
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For bad haircut, lady asks for Rs 5.2 crore compensation from a reputed salon; Supreme Court orders Rs 25 lakh compensation for this reasonFor bad haircut, lady asks for Rs 5.2 crore compensation from a reputed salon; Supreme Court orders Rs 25 lakh compensation for this reason
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IRDAI proposes Ind AS financial reporting for insurers from April 1; check what policyholders should knowIRDAI proposes Ind AS financial reporting for insurers from April 1; check what policyholders should know
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Daughter loses claim to gold jewellery kept in joint locker with late mother; HC upholds Will bequeathing it to another family memberDaughter loses claim to gold jewellery kept in joint locker with late mother; HC upholds Will bequeathing it to another family member

A daughter's claim to gold ornaments in a joint bank locker was dismissed by the Kerala High Court. The court ruled that a registered Will takes precedence over an 'either or survivor' clause in bank locker agreements. This means assets can be willed to a third party without the joint holder's consent.

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Can a mother cut a son out of her Will? Kerala HC backs mother who inherited 46 cents of land from her husband and denied son a shareCan a mother cut a son out of her Will? Kerala HC backs mother who inherited 46 cents of land from her husband and denied son a share
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How can senior citizens generate Rs 1 lakh monthly income safely in India?How can senior citizens generate Rs 1 lakh monthly income safely in India?
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Delayed EPF dues for 2 years? HC slaps Rs 77,000 penalty on employer under EPFO rulesDelayed EPF dues for 2 years? HC slaps Rs 77,000 penalty on employer under EPFO rules
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Flight cancelled due to Middle East airspace issues? Here’s how to apply for refund from Air India, IndiGo, Emirates, and other major airlinesFlight cancelled due to Middle East airspace issues? Here’s how to apply for refund from Air India, IndiGo, Emirates, and other major airlines
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Gold and silver prices see sharp rise amid Iran-Israel War: Should you book profit or stay invested?Gold and silver prices see sharp rise amid Iran-Israel War: Should you book profit or stay invested?

Gold and silver prices experienced a significant surge on the Multi Commodity Exchange of India. This rise is attributed to escalating geopolitical tensions between Iran and Israel. Experts anticipate continued price increases for these precious metals if the conflict persists. Investors are advised to consider their investment strategies in light of these market movements.

SLIDESHOWS
8th Pay Commission: Key demands that could impact salaries, pensions & more
8th Pay Commission: Key demands that could impact salaries, pensions & more
SEBI’s mutual fund reforms 2026: 8 big changes that could impact your investments
SEBI’s mutual fund reforms 2026: 8 big changes that could impact your investments

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