Finance Ministry Grants 17% Wage Increase For 1.1 Lakh LIC Employees
The Finance Ministry has officially notified a wage revision effective from August 1, 2022, for over 1.1 lakh employees of the Life Insurance Corporation of India (LIC). This comes amidst the ongoing seven-phased Lok Sabha elections, and a Model Code of Conduct (MCC) is in place.
The hike is esti...