• Breaking News

    Thursday, 30 July 2015

    GOVT EMPLOYEES' LIKELY PAY HIKE TO BOOST CONSUMPTION: CLSA

    "Our base case would be a 10-12 percent average pay hike. This should be a positive for discretionary consumption plays," Mahesh Nandurkar, CLSA said.

    Mahesh Nandurkar, CLSA said the Central Government's pay commission recommendations will likely get implemented from FY17 onwards.

    Wage and pension payments to approximately 30 million government employees/pensioners adding up to a total of an estimated Rs 16 trillion will be impacted directly or indirectly, he added.

    "Our base case would be a 10-12 percent average pay hike. This should be a positive for discretionary consumption plays," Nandurkar said.

    Source:- moneycontrol.com

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