Sunday, February 28, 2016

Govt. to implement pay hike recommendation, expects little impact on inflation

Finance Minister Arun Jaitley on Friday presented the Economic Survey in parliament. The government has said that the recommendations of 7th Pay Commission which has a bearing on the common man, has stated that it will not impact market price volatality.

According to report, increase in wages recommended by the 7th Pay Commission is unlikely to destabilise prices and will have little impact on inflation.

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