MUMBAI An Indian government panel has proposed a 23.55 percent rise in salaries and pensions for about 10 million current and former government employees, smaller than past increases as New Delhi faces pressure to curb its fiscal deficit and prices. Economists and investors have been keenly awaiting the 7th Pay Commission's recommendation, which will test the government's commitment to budgetary prudence but could boost discretionary consumption across the country. A commission reviews the pay of government employees every 10 years and its recommendations are usually accepted with some modifications.
The post Panel recommends nearly 25 pct hike in 7th Pay Commission
| Reuters appeared first on Firstpost.
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