Mumbai: The Indian Banks’ Association has signed a wage revision pact with nine bank unions, which will lead to an additional wage component of Rs5,200 crore for 46 banks, the All India Bank Employees Association said. The break-up of the wage burden increase is Rs4,816 crore for 26 state-owned banks and Rs400 crore for private […]
NPS gets a chunk of SBI staff’s pension corpus
MUMBAI: The Central government-sponsored New Pension Scheme (NPS) is set to receive a major boost with the State Bank of India, moving a significant part of its employees’ pension corpus to the scheme. The NPS will also get significant contributions in coming months by way of employer and employee contribution towards the pension of public […]
Railway employees to switch over to CFLs to save power
The Ministry of Railway has awarded a contract through competitive bidding for supply of compact fluorescent lamps (CFLs) free of cost to railway employees residing in railway colonies. The cost of CFLs will be recovered by the firm through Carbon Credits to be earned from the project. Railways will also earn 3 per cent carbon […]
Train 10 lakh apprentices every year – says Union Labour Minister
The Union Minister for Labour & Employment, Shri Mallikarjun Kharge has urged the Industry to make concerted efforts to train at least 10 lakh apprentices every year in all sectors of economy. He was addressing the 33rd Meeting of newly constituted Central Apprenticeship Council (CAC), here today. The CAC is an Apex Statutory Tripartite Advisory […]
Fixation of pay of Railway Board Secretariat Service
GOVERNMENT OF INDIA MINISTRY OF RAILWAYS (Railway Board) ***** S.No. PC-V1/203 No.PC-VI/2010/1/RSRP/2 RBE No. 63/2010 New Delhi, dated 28.04.2010 ORDER Subject: Fixation of pay of Railway Board Secretariat Service (RBSS)/Railway Board Secretariat Stenographers’ Service (RBSSS) officers at the time of promotion from the grade of Under Secretary/Dy.Director/ Pr.Private Secretary to the grade of […]