Motilal Oswal

A sharp increase in salaries for government staff and pensioners in India

A sharp increase in salaries for government staff and pensioners in India

June 30, 2016

The Union Cabinet in India accepted the Seventh Pay Commission’s recommendations to increase salaries and pensions for 4.7 million employees and 5.3 million pensioners in the country, which could boost the Indian economy. Demand for housing, automobiles and consumer durables is...

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