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IRDAI’s salary outgo to rise 53% in 2016-17
NEW DELHI: The Insurance Regulatory and Development Authority of India’s (IRDAI’s) expenses towards staff salary are set to rise by over 50% to ₹80 crore in the
Published on: Jul 8, 2016, 06:39:03 IST
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NEW DELHI: The Insurance Regulatory and Development Authority of India’s (IRDAI’s) expenses towards staff salary are set to rise by over 50% to ₹80 crore in the current fiscal, even as the watchdog stares at a budget deficit of ₹191 crore. The regulator’s advertisement budget towards consumer awareness during 2016-17 is pegged at ₹60 crore, according to the minutes of the Board meeting released by IRDAI. Due to budget allocation under major heads and considering the overall receipts and payments, the budget for 2016-17 will result in a deficit of ₹191 crore, the regulator said.
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