New Delhi, Jan. 23 -- The Central Government has officially approved wage and pension revisions for employees and retirees of Public Sector General Insurance Companies (PSGICs), the National Bank for Agriculture and Rural Development (NABARD), and the Reserve Bank of India (RBI).

This decision is expected to benefit approximately 46,322 employees and over 46,000 pensioners and family pensioners across these institutions. According to the government, the move "reflects Government's continued commitment and emphasis on social security and financial well-being of employees and pensioners."

For those working in Public Sector General Insurance Companies, the wage revision will be effective from August 1, 2022. This update includes a 12.41 pe...