Today news
About the same in other media
Govt approves 17% wage hike for 1.10 lakh employees of LIC
Reading now: 384
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 hike for LIC employees is effective from August 1, 2022, the insurer said.
NPS contribution is enhanced from 10 per cent to 14 per cent of nearly 24,000 employees who joined after April 1, 2010, it said while thanking the government for the wage revision.
A one-time ex-gratia payment to LIC pensioners was also made to more than 30,000 pensioners and family pensioners, it said.
Earlier this week, the government had given no objection to a 17 per cent wage hike for bank employees effective November 1, 2022.
(You can now subscribe to our Economic Times WhatsApp channel)
Read more on economictimes.indiatimes.com
About this in other media
Gift Nifty remains open for trading on Holi economictimes.indiatimes.com /9 months ago
Firing of Ohtani's interpreter highlights how sports betting is still illegal in California abcnews.go.com /9 months ago
UAE updates visa-on-arrival for 87 countries; is India included? economictimes.indiatimes.com /9 months ago
Show more
The website fvbb.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
