Top News

The Government of India has given good news to more than 1.10 lakh employees of Life Insurance Corporation (LIC), the country's largest government life insurance company, before Holi. For your information, let us tell you that a 17 percent increase in the salary of employees has been approved (LIC Salary Hike news).

The approval of a salary hike for Life Insurance Corporation (LIC) employees comes days after a similar hike was approved for public sector bank employees. The country's largest insurance company said that this decision of salary increase for LIC employees is effective from August 1, 2022. With this, the NPS contribution of about 24,000 employees who joined LIC after April 1, 2010, will be increased from 10 percent to 14 percent. Has been done.

And let us tell you that along with this, One-Time Ex-Gracia Payments to more than 30,000 pensioners and family pensioners of LIC have been approved. Earlier this week, the government had agreed to a 17 percent pay hike for public sector bank employees from November 1, 2022.

Before this news came, the government had increased the dearness allowance (DA hike) of central government employees by 4 percent. Now it has increased to 50 percent. The new rates are applicable from January 1, 2024. This decision was taken by the Union Cabinet Committee on Economic Affairs (CCEA).

Let us tell you that the information about this decision was given by Union Minister Piyush Goyal. Central employees were eagerly waiting for the increase in Dearness Allowance (DA). It is a component of the employee's salary. Its objective is to reduce the effect of inflation. With DA increasing to 50 percent, other allowances and salary components have also increased.

Follow our Whatsapp Channel for latest update

https://whatsapp.com/channel/0029VaBgLMfGU3BO99EQv62t