12th Bipartite Settlement News

After  a long wait, the Dearness Allowance of Central Government employees are hiked to 28% with increase of 11% over the  existing rate of 17 percent of the basic pay/pension . The hike is approved by Union Cabinet on July 14 in Dearness Allowance (D…

After a long waiting, the government has hinted to privatize Public Sector Central Bank of India and Indian Overseas Bank. The Centre has shortlisted Central Bank of India (CBI) and Indian Overseas Bank (IOB) for divestment, CNBC Awaaz has reported. …

Finally the countdown has begun for the Privatization of Public Sector Banks in India. The NITI Aayog has submitted the names of two public sector banks (PSBs) along with the name of public sector general insurer, which can be sold off under the gover…