5 KEY FACTS YOU MUST KNOW ABOUT 8TH PAY COMMISSION
Published By Gurpreet Singh | 17 Jan, 2025
The Union Cabinet approved the 8th Pay Commission, impacting 1.15 crore individuals, including employees, pensioners, and defence personnel, ahead of Budget 2025 and elections.
Credit : PINTEREST
Here are some key facts you must know about 8th Pay Commission:
Credit : PINTEREST
Salary Hike for 50 Lakh Employees
The 8th Pay Commission will raise salaries for around 50 lakh central government employees, rewarding their contributions and improving financial stability.
Credit : PINTEREST
Relief for 65 Lakh Pensioners
Approximately 65 lakh pensioners, including retired defence personnel, will benefit from this government commitment.
Credit : PINTEREST
Impact on Delhi Employees
Approximately four lakh Delhi employees, including state government workers and defence personnel, will benefit from the new pay structure.
Credit : PINTEREST
Boost to Economy and Consumption
PM Modi emphasized that the 8th Pay Commission will enhance beneficiaries' quality of life and boost economic growth via consumption.
Credit : PEXELS
Timely Announcement Before Union Budget
Announcement comes weeks before Union Budget 2025, indicating a strategy to address economic concerns effectively.