7th CPC Awars

7th Pay Commission award will put an upward pressure of 1-1.5 per cent on inflation, but is expected to boost GDP by around 40 bps during the current fiscal, RBI said in a report today. At the same time, the central bank remained confident of meeting its March 2017 retail inflation target of 5 per cent. “Assuming that the government implements the 7th Pay commission … [Read more...] about 7th Pay Commission award to stoke inflation, push up GDP: RBI report