None

StaffCorner

 ☰
25 Jun, 2016 08:11 PM

Brexit may delay 7th CPC implementation : Zee news

Brexit may delay 7th CPC implementation : Zee news Amid all the implications of Brexit on India, something that may stand out is a strong possibility of the delay of much-awaited payout of 7th Pay Commission Commission for another 2-3 months.

The linger may result in wake of increased volatility in the markets as a result of Britain's exit from the European Union. For the markets to re-stabilize, it may take another 2-3 months. The same period also awaits the next bi-monthly RBI Monetary Policy (of the outgoing RBI Governor) which may most likely see interest rates remain intact. Even a slight hike holds adequate possibility.

This talked about tenure is critical as amid the already happening exodus from domestic equity markets, load of huge 7th Pay Commission payout on the government exchequer can further jeopardize its fiscal health.

Similar to Europe's main stock markets which observed a around 10 percent fall, India's market benchmark Sensex tanked over 1,000 points on Friday as UK's vote to exit European Union sent financial markets into a tailspin.



Whatsapp Share Button

⌂ Go to StaffCorner.com Home Page



Latest in Important News
Latest in Other News Sections


StaffCorner brings you the latest authentic Central Government Employees News.
About us | Privacy Policy | Terms and Conditions | Archives