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Centre announces salary hike for public sector insurance companies, to pay arrears for last 5 years

PSU Salary Hike: Central Govt announces to raise 12% salary of employees of four General Insurance companies

The four General Insurance companies, whose employees and officers salaries increased by 12%, are New India Insurance ltd, United India Insurance ltd,  the Oriental Insurance company ltd, and National Insurance company ltd. It will burden Rs 8000 crore on Central Government exchequer.

Govt notifies 12% wage hike for employees of PSU general insurers

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