Finance
Mr. BillionhairCentre's Big Win: Massive Wage Hike for PSGICs and Nabard!
Folks, big news! The Centre just approved a massive wage hike for over 93,000 PSGICs and Nabard employees! Starting August 1, 2022, they’re getting a 12.41% raise! And for NABARD? A fantastic 20% boost! It’s gonna cost a whopping ₹8,170.30 crore, but let me tell you, it’s a great deal! Tremendous relief for everyone, folks! I told you so!
few days ago | Harsh Kumar
Quick rundown
1.Government approves wage and pension revisions for financial sector employees.
2.Over 93,000 employees and pensioners to benefit from the revisions.
3.PSGICs see a 12.41% wage bill increase effective from August 2022.
4.NPS contribution increased to 14% for post-2010 hires.
5.RBI pension revisions to benefit 30,769 retirees and family pensioners.
