For a long time people dreamt of having a Nokia phone on Android, which did happen. We also got the Windows Phone a while back, which now is part of people's memories. But what if we tell you about a phone that not only runs Android and Linux but Windows 11 as well? Yes
Brooklyn Beckham vs Family Controversy: The video references Brooklyn Beckham's recent Instagram post, in which he broke his silence about his estrangement from his parents. Los Angeles: Cruz Beckham has publicly acknowledged his family's ongoing rift by liking an Instagram Reel that pokes fun at
There is a distinct rhythm to the evolution of Silicon Valley unicorns, a trajectory as predictable as a Greek tragedy. Act One is the Promethean phase: a charismatic founder offers fire to the masses, promising that this time, the technology is too pure, too transformative
KERALA LOTTERY RESULT Friday 23-01-2026 LIVE: Suvarna keralam SK-37 lottery is one of the 7 lucky draws held once in a week. The Kerala Lottery "Suvarna Keralam SK-37" lottery draw is conducted today on January 23. Every lottery has an alphanumeric code to identify it
America's control over Venezuela's oil exports diverts crude shipments previously used to repay China. Venezuela owes China billions, with estimates varying widely. China continued receiving payments even after Venezuela's default through oil-backed loans. The U.S. now controls oil sale proceeds
Since the end of World War II, the U.S. has established a global military network consisting of around 750 bases in roughly 80 countries. While the U.S. government has characterised this presence as a stabilising force, the local populations have often paid for the military's presence with
New Zealand have been dealt an injury blow ahead of the ICC Men's T20 World Cup 2026, with pacer Adam Milne ruled out of the tournament due to a torn left hamstring. New Zealand have been dealt an injury blow ahead of the ICC Men's T20 World Cup 2026
Aston Villa manager Unai Emery played down a heated touchline incident with midfielder Youri Tielemans after substituting him during the Europa League win at Fenerbahce. Tielemans was replaced in the 92nd minute as Villa hung on to a 1-0 lead in Istanbul
Big Relief For RBI, PSGICs And NABARD Employees As Govt Clears Wage, Pension Revision
Big Relief For RBI, PSGICs And NABARD Employees As Govt Clears Wage, Pension Revision
In total, around 46,322 employees, 23,570 pensioners, and 23,260 family pensioners are expected to benefit from the measures, according to finance ministry.
The central government has approved long-pending wage and pension revisions for employees and pensioners of public sector general insurance companies (PSGICs), the National Bank for Agriculture and Rural Development (NABARD) and the Reserve Bank of India (RBI), providing financial relief to over 93,000 beneficiaries across the financial sector.
“In a series of measures taken for boosting the morale of the serving employees as well as to ensure the social security of pensioners in the financial sector, the Central Government has approved the long-pending wage revision for Public Sector General Insurance companies (PSGICs) and National Bank for Agriculture and Rural Development (NABARD). Additionally, it has approved pension revision for retirees of Reserve Bank of India (RBI) and NABARD,” the finance ministry said in a statement on Friday, January 23.
The decision reflects the government's continued commitment and emphasis on social security and the financial well-being of pensioners, in recognition of their long and dedicated professional service, it added.
In total, around 46,322 employees, 23,570 pensioners, and 23,260 family pensioners are expected to benefit from the measures, according to the statement.
Wage Revision for Public Sector General Insurance Companies
The government has approved wage revision for employees of PSGICs with effect from August 1, 2022. The overall hike in the wage bill has been pegged at 12.41%, including a 14% increase in existing basic pay and dearness allowance.
About 43,247 employees of PSGICs will benefit from the revision. In addition, the employer's contribution under the National Pension System (NPS) for employees who joined after April 1, 2010, has been increased from 10% to 14%, strengthening long-term retirement savings.
Family pension under PSGICs has also been revised to a uniform rate of 30%, effective from the date of notification in the official gazette. This move will benefit 14,615 family pensioners.
The total financial outgo for PSGIC-related revisions is estimated at Rs 8,170.30 crore, which includes arrears of wage revision, higher NPS contributions, and family pension payouts.
The PSGICs covered under this decision include National Insurance Company Ltd, New India Assurance Company Ltd, Oriental Insurance Company Ltd, United India Insurance Company Ltd, General Insurance Corporation of India, and Agricultural Insurance Company Ltd.
NABARD Pay and Pension Revision
For NABARD, the government has approved a pay revision effective November 1, 2022, resulting in an average 20 percent increase in pay and allowances for Group A, B and C employees. Around 3,800 serving and former employees are set to benefit.
The pay revision will lead to an additional annual wage bill of about Rs 170 crore, with arrears estimated at Rs 510 crore.
In addition, pension and family pension of NABARD retirees who were originally recruited by NABARD and retired before November 1, 2017, have been revised and brought on par with ex-RBI NABARD retirees. This pension revision will entail a one-time arrear payout of Rs 50.82 crore and an additional monthly outgo of Rs 3.55 crore, benefiting 269 pensioners and 457 family pensioners.
RBI Pension Revision Approved
The government has also cleared a revision of pension and family pension for RBI retirees, effective November 1, 2022.
Under the approved formula, pension and family pension will be enhanced by 10% on basic pension plus dearness relief, resulting in an effective increase of basic pension by a factor of 1.43. The move is expected to significantly improve monthly pension payouts.
“Under the approved revision, pension and family pension shall be enhanced by 10 per cent on basic pension plus dearness relief, with effect from 1st November, 2022. This would result in an effective enhancement of basic pension by a factor of 1.43 for all retirees, leading to a substantial improvement in their monthly pension. The revision will benefit a total of 30,769 beneficiaries, comprising 22,580 pensioners and 8,189 family pensioners,” the ministry said.
The total financial implication is estimated at Rs 2,696.82 crore, which includes a one-time expenditure of Rs 2,485.02 crore towards arrears and a recurring annual expenditure of Rs 211.80 crore, it added.
“This measure will provide meaningful relief to the employees of PSGICs and NABARD, and to pensioners/family pensioners of RBI and NABARD, by enabling them to better absorb the cost of living while maintaining a dignified standard of living and social status post-retirement. The government remains committed to strengthening institutions that play a pivotal role in the country's inclusive and sustainable economic growth,” the ministry stated.
Source: News18.com
Source: News18
Related Posts: RBI directs ICICI Bank to make additional provisions on agri priority sector loans Delhi-NCR schools holiday BIG update Won big in Kerala on EVMs Badrinath Dham opening big update Big shake-up in BCCI contracts with A+ category likely to be ruled out Big Blow For Virat Kohli And Rohit Sharma As BCCI Eyes Rs 2 Jackie Shroff Backs Big-Screen Experience BJP Chief Nitin Nabin's First Big Move Expert seeks 87A rebate for HUF tax relief SAT grants partial relief to Avadhut Sathe
Motorola Signature launch: Motorola has officially launched its new flagship smartphone, the Motorola Signature, in India. It is priced at Rs 59,999. Motorola Signature launch: Motorola has officially launched its new flagship smartphone, the Motorola Signature, in India
1 minutes ago
Delhi Capitals need a strong all-round performance to defeat Royal Challengers Bengaluru. Capitals aim to stay in the playoff race. Bengaluru is unbeaten and looking to secure a top spot. Capitals' batting and bowling must perform well against Bengaluru's experienced lineup
1 minutes ago
Shares of Hindustan Zinc rallied sharply on Friday, January 23, climbing over 6% to touch a record high of ₹709.95. The surge came as silver prices scaled another all-time peak, benefiting from rising geopolitical risks and growing unease around US economic and policy stability
1 minutes ago
The BNP-led alliance has fielded candidates in 272 constituencies, leaving 28 seats to smaller partners, while Jamaat-e-Islami is contesting independently in 226 constituencies Bangladesh's 2026 parliamentary election is shaping up to be an unusually polarised contest
1 minutes ago
SBI Outage: State Bank of India (SBI) on Friday said it was facing intermittent technical issues affecting its UPI services, leading to temporary transaction declines for some customers. The country's largest public sector bank shared the update through a post on X
1 minutes ago
The Karnataka High Court on Friday lifted the ban imposed by the State Government on bike taxi operations in the State.A division bench of Chief Justice Vibhu Bakhru and Justice CM Joshi allowed appeals filed by ride-hailing services including ANI Technologies (Ola), Uber and Rapido
1 minutes ago
The decision will benefit more than 93,000 employees, pensioners and family pensioners, reaffirming the government's focus on social security and financial stability for public sector workers. New Delhi: The Central Government has approved major wage and pension revisions for employees and retirees
1 minutes ago
The Delhi High Court reportedly set aside the bail granted to an accused who was allegedly part of the mob that indulged in stone-pelting during a demolition exercise near Faiz-e-Elahi mosque in Turkman Gate in the national capital early this month. According to news agency PTI
1 minutes ago
A long weekend makes for a perfect time to catch up on the latest releases. This Republic Day, watch hit titles on OTT platforms this week, including Netflix, Amazon Prime Video, Zee 5, and JioCinema (formerly JioHotstar). Plot: Touted as a spiritual sequel to Rai's 2013 film Raanjhanaa
1 minutes ago
The Vande Bharat trains are known for speed, comfort and a premium travel experience. But even the newest trains can face unexpected problems. During the inaugural run of Bihar's Vande Bharat, a video showed several people without tickets crowding the train, acting as if it was a regular service
1 minutes ago
Every minute aspect about World Wrestling Entertainment (WWE) wrestlers, ranging from their signature moves to their individual body dimensions, is imprinted in the memories of a generation that grew up in the 1990s. Debutant filmmaker Adhvaith Nayar's Chatha Pacha attempts to tap into this
1 minutes ago
Mark Carney responded to Donald Trump's Davos remarks by saying Canada does not live because of the US, while acknowledging a strong economic and security partnership with the US. Canadian Prime Minister Mark Carney has struck back at US President Donald Trump after the American leader claimed at
1 minutes ago
Google DeepMind CEO and Co-founder Demis Hassabis confirmed his participation in the upcoming AI Impact Summit in New Delhi following a meeting with Union Minister of Electronics and Information Technology Ashwini Vaishnaw at the World Economic Forum in Davos.The summit, scheduled for February 2026
1 minutes ago
Silver and Gold ETFs: Silver ETFs (Exchange Traded Fund) on Friday jumped almost 10 per cent amid the record high prices of physical silver. Gold ETFs also saw a sharp jump of 3.35 per cent, reflecting a strong inflow of money. Tata Silver ETF surged 10 per cent on January 23, trading at Rs 30
1 minutes ago
Gold prices in Mumbai hit Rs 1,59,710 per 10 grams for 24K and Rs 1,46,400 for 22K, while silver soared to Rs 3,40,000 per kg amid geopolitical uncertainty. Gold and Silver Prices In India, January 23: Gold and silver prices in India climbed to a record high on Friday
1 minutes ago
YSRCP MP P V Mithun Reddy appeared before Enforcement Directorate officials. This is in connection with a Rs 3,500-crore liquor scam money-laundering case. The alleged scam took place during the previous YSRCP regime. Mithun Reddy was named an accused and arrested by the SIT in July 2025
1 minutes ago
The Union Budget for 2026 will be presented at 11 AM on February 1. This time, the healthcare sector will be closely watching the budget in order to understand whether government policies will address the growing pressure on India's health system
1 minutes ago
The Jammu-Srinagar National Highway (NH-44) was closed on Friday due to heavy rain and snowfall, with movement also stopped at Jakhani Chowk in Udhampur. Snowfall also disrupted air travel, with Srinagar Airport and IndiGo Airlines announcing temporary suspension and cancellation of several flights
1 minutes ago
Carlos Alcaraz dominated Corentin Moutet in straight sets to reach the Australian Open last 16, marking his 100th Grand Slam match with a commanding performance. The top seed's victory sets up a clash with Tommy Paul for a quarter-final spot
1 minutes ago
One in seven people in the world use TikTok. Yet for the company behind such a cultural phenomenon, the last few years have been a rollercoaster. Concerns over the app first surfaced more than five years ago, prompting President Trump, in his first term
1 minutes ago
Currently, STCG applies when shares or equity mutual fund units are sold within one year of purchase. New Delhi: Retail investors could finally see tax relief in Union Budget 2026, as the government is reportedly considering changes to the short-term capital gains (STCG) tax on listed equities and
1 minutes ago
The focus shifts to Raipur as the India national cricket team and the New Zealand national cricket team gear up for the second T20I of their multi-format series. The focus shifts to Raipur as the India national cricket team and the New Zealand national cricket team gear up for the second T20I of
1 minutes ago
The Karnataka High Court on Friday permitted the operation of bike taxis in the state, allowing a batch of petitions filed by cab aggregators ANI Technologies, Uber and Rapido against the ban on the service, The Hindu reported. On April 2, a single-judge bench ordered all bike taxi services to stop
1 minutes ago
Parkinson's is a chronic and progressive neurological disorder that affects muscle control, movement, and balance, which is why people often think that tremors are its first symptom. It is essential to recognise that it doesn't always begin with shaking hands; in many cases
1 minutes ago
Driven by K-pop stars and social media buzz, Dubai-style cookies are selling out across South Korea. South Korea has a new food obsession, and it is sweet, rich and hard to find. Dubai-style cookies, locally known as Dujjonku, have become the country's latest viral dessert
1 minutes ago
Graphic design requires tools that support creativity, accuracy, and efficiency. A top-rated touchscreen laptop for graphic designers meets these expectations by combining traditional computing power with intuitive input methods. Touchscreen laptops allow designers to draw, edit
1 minutes ago
A 5-year-old boy arriving home from pre-school in Minnesota was taken by federal agents along with his father to a detention facility in Texas, school officials and the family's lawyer said, making him the fourth student from his Minneapolis suburb to be detained by immigration officers in recent
1 minutes ago
