The Finance Ministry has notified the wage revision of LIC employees with effect from August 1, 2022, bringing relief to over 1.1 lakh employees of the Corporation. The move would lead to 17 per cent annual increase in wage bill for LIC. This wage revision could see an annual implication of around ₹4,000 crore, taking LIC’s overall wage bill per year to about ₹29,000 crore.Also read: Nirmala Sitaraman recalls B S Raghavan’s sage adviceThis move of the Department of Financial…
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FinMin notifies LIC’s 17% wage revision for over 1.10 lakh employees
