7th Pay Commission – A non-inflationary boostto consumption and investment

Sensex Holds 32000; Banks Top Gainers

The Seventh Central Pay Commission (Seventh CPC) report submitted to the Finance Ministry has recommended a 23.5% hike in the wages, allowances and pension of government employees, which is a tad more than what was expected. But it does come at an apposite hour with the economy struggling to get the private investment cycle going. Huge under-utilised capacities and sluggish pick-up in household demand continue to weigh on manufacturing investments.Read More>>