"Our base case would be a 10-12 percent average pay hike. This should be a positive for discretionary consumption plays," Mahesh Nandurkar, CLSA said.
Mahesh Nandurkar, CLSA said.the Central Government's pay commissionrecommendations will likely get implemented from FY17 onwards.
Wage and pension payments to approximately 30 million government employees/pensioners adding up to a total of an estimated Rs 16 trillion will be impacted directly or indirectly, he added. "Our base case would be a 10-12 percent average pay hike.
This should be a positive for discretionary consumption plays," Nandurkar said.
Source:http://www.moneycontrol.com/news/fii-view/govt-employees-likely-pay-hike-to-boost-consumption-clsa_2165841.html
Mahesh Nandurkar, CLSA said.the Central Government's pay commissionrecommendations will likely get implemented from FY17 onwards.
Wage and pension payments to approximately 30 million government employees/pensioners adding up to a total of an estimated Rs 16 trillion will be impacted directly or indirectly, he added. "Our base case would be a 10-12 percent average pay hike.
This should be a positive for discretionary consumption plays," Nandurkar said.
Source:http://www.moneycontrol.com/news/fii-view/govt-employees-likely-pay-hike-to-boost-consumption-clsa_2165841.html
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