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Now 12 lakh CPSE staff to get Rs 20,000 cr windfall wages

Now 12 lakh CPSE staff to get Rs 20,000 cr windfall wages

Monday, March 20, 2017, 8:42 AM

In a move that could boost consumption and stimulate the economy, CPSEs are likely to pay out an additional R20,000 crore in 2017-18 as recompense to 12 lakh employees. This would be the second time in two years that government employees are getting pay hikes; central government staff got hefty pay hikes last year following the implementation of the 7th Pay Commission’s recommendations.
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