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Monday, July 27, 2009

Government employees being wooed like never before

Unaffected Cash flows:

All eyes are now on the government sector. Don't be surprised . SundayET has found that across major categories - real estate, consumer durables and auto - government employees are being wooed like never before. In fact, banks are also introducing special schemes to woo the sarkari brigade.

And when it comes to the real estate sector, biggies such as DLF confirm the activity from this sector. "We do not discriminate between our clients. However, there is an increase in the number of government employees as their cash flows have not been affected due to slowdown," said Rajeev Talwar, group executive director, DLF. Agrees Gaurav Bhalla, executive director of the Vatika Group. "We are seeing more people from the government sector buying as compared to earlier."

Sixth Pay Commission:

You could call this ironic for private sector employees or plain good luck for the public ones, but the fact remains that government employees have been the least impacted by the slowdown blues. They even got a huge jump in salaries after the implementation of the Sixth Pay Commission last year, and a part of their arrears are due this year.
To read more, please, visit - The Economic Times

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