7th Pay Commission pension, pay scales: What Kotak, Crisil, HSBC and Fitch said
While the 7th Pay Commission report projected that the recommendations would translate into 23.55 per cent increase in total pay (amounting into an additional payout of Rs 1,02,100 crore), analysts feel that it will lead to rise in consumption and will thus provide boost to the economy that has witnessed slowdown in consumption in the…