Government Hikes Salaries for PSU, Insurance, NABARD, RBI Employees
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Moneycontrol•23-01-2026, 13:02
Government Hikes Salaries for PSU, Insurance, NABARD, RBI Employees
- •The central government has approved salary and pension revisions for employees and pensioners of public sector general insurance companies, NABARD, and RBI.
- •This decision benefits 46,322 employees, 23,570 pensioners, and 23,260 family pensioners, addressing long-pending demands.
- •Salary revision for General Insurance PSU employees is effective from August 1, 2022, costing the government approximately 8,170 crore rupees.
- •NABARD employees' salary revision is effective from November 1, 2022, with an additional annual burden of 170 crore rupees and 510 crore rupees in arrears.
- •Retired RBI employees and their families receive a 10% pension increase, effective November 1, 2022, with a total cost of 2,700 crore rupees.
Why It Matters: Government approves significant salary and pension hikes for PSU, insurance, NABARD, and RBI employees.
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