Bhubaneswar, Jan. 23 -- In a major decision aimed at boosting employee morale and strengthening social security in the financial sector, the Central Government has approved wage revision for employees of Public Sector General Insurance Companies (PSGICs) and the National Bank for Agriculture and Rural Development (NABARD), along with pension revision for retirees of the Reserve Bank of India (RBI) and NABARD.

The move reflects the Government's continued commitment to the financial well-being and social security of serving employees, pensioners and family pensioners, recognising their long and dedicated service to the nation.

Overall, the decision is expected to benefit approximately 46,322 employees, 23,570 pensioners and 23,260 family ...