Key Points
The salary increase was announced by govt on Friday before the election code of conduct kicked in a day later...
The corporations shares are now down 23% from the 52-week high of Rs 1,175 on Feb 9...
On Friday, the countrys largest insurance company said that govt approved a wage revision for LIC employees, effective August 1, 2022..
The increase aligns with the wage negotiation deal signed between the Indian Banks Association and bank employees.. LICs wage revision incorporates an enhancement in NPS contribution from 10% to 14% for nearly 24,000 employees who joined after April 1, 2010..
Noida Authority approved three contractors for surface parking in city clusters with revised fees..
You might be interested in
LIC employees seek wage revision, urge FM to intervene
14, Aug, 23Unions are hoping for at least a 30% hike in wages as well as higher value of Sodexo meal coupons given to employees
Govt approves 17% wage hike for 1.10 lakh employees of LIC
16, Mar, 24New Delhi, Mar 15 (PTI) The government has approved a 17 per cent overall hike in wages for more than 1.10 lakh employees of insurance giant Life Insurance Corporation of India (LIC). The wage hike approval has come days after the government cleared a similar raise for the employees of public sector banks. The wage […]