Centre approves salary hikes for PSGICs and Nabard staff

Big news, folks! The Centre has given a thumbs up for salary hikes for employees at PSGICs and Nabard, starting from August 1, 2022. This means over 93,000 workers will see a 12.41% bump in their paychecks! Plus, RBI pensioners are in for a treat with a boost in their pensions. It's a win-win for everyone!

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.

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