Government notifies 12% wage hike for employees of PSU general insurers; links next with performance
The Finance Ministry has notified an average 12 per cent wage hike for employees of four public sector general insurance companies effective from August 2017. “This Scheme may be called the General Insurance (Rationalisation of Pay Scales and other Conditions of Service of Officers) Amendment Scheme, 2022,” a gazette notification dated October 14, 2022 said. … Read more