Finance Ministry notifies LIC’s 17% wage revision for employees from 2022: Report

Finance Ministry notifies LIC’s 17% wage revision for employees from 2022: Report

The Union Finance Ministry has recently notified the wage revision of LIC employees, which will benefit over 1.1 lakh employees in the state-run insurance company. The revision, which is about 17 per cent annual increase in the wages, with be applicable from August 1, 2022.  The wage revision would see an annual implication of around … Read more