<h1>Prime Minister Approves 8th Pay Commission to Revise Salaries and Allowances for 1.15 Crore Government Employees and Pensioners.</h1> The Prime Minister has approved the establishment of the 8th Pay Commission, which will revise the salaries of approximately 50 lakh central government employees and the allowances of 65 lakh pensioners. The commission will consist of a chairman and two members, to be appointed soon. This move aims to ensure recommendations are ready before the 7th Pay Commission's term ends in 2026. The commission's recommendations impact salary structures, benefits, and allowances, influencing economic growth and quality of life. Past implementations have significantly boosted consumption and economic growth, with state governments often aligning their revisions accordingly.