New Delhi, Jan. 24 -- In a significant move aimed at boosting employee morale and strengthening social security for pensioners in the financial sector, the Central Government has approved wage revisions for employees of Public Sector General Insurance Companies (PSGICs) and the National Bank for Agriculture and Rural Development (NABARD).
The Government has also approved pension and family pension revisions for retirees of the Reserve Bank of India (RBI) and NABARD.
The decision underscores the Government's continued emphasis on the financial well-being and social security of serving employees and pensioners, in recognition of their long and dedicated service to key financial institutions.
The wage revision for PSGIC employees will be ef...