16% Salary Hike For 1 Lakh LIC Employees Approved, Effective 2022

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8 months ago

The Centre has sanctioned a substantial 16% increase in basic pay for employees of the Life Insurance Corporation of India (LIC), a move set to benefit nearly 1 lakh employees and around 30,000 pensioners. This revision, effective from August 2002, is expected to incur an annual cost of Rs 4,000 crore for the company. Enhancements […]

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