02/07/2016
1) Under pressure from the unions, the government has indicated that it may increase the minimum monthly pay of central government employees beyond the Rs.18,000 suggested by the Seventh Pay Commission, seeking to defuse a strike threat.
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2)7th Pay Commission minimum wage and Fitment formula – Govt to form a Committee for reconsideration of these two factors after NJCA met panel of ministers – Staff Side sought modification of minimum pay and Fitment Formula
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3) The Department of Posts has written to chiefs of several public sector banks asking them to nominate officials to fill the posts of chief executive officer and chief operating officer at the department’s payments bank, which is to be unveiled soon.......
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