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Saturday, December 5, 2015

Ridiculous recommendation of 7th CPC regarding CGEGIS

Ridiculous recommendation of 7th CPC regarding CGEGIS

As per the recommendation of seventh CPC, subscription and insurance amount have been increased manifold. Let's discuss the same as per available data.
Table 3: Recommended Rates of CGEGIS
Recommended Rates of CGEGIS
Level of
Employee
MonthlyDeduction
(Rs)
Insurance Amount
(Rs)
10 and above
5000
50,00,000
6 to 9 2500
2500
25,00,000
1 to 5
1500
15,00,000
The present rate of monthly deduction is Rs 120, Rs 60 and Rs 30 for Gr A, B and C employees with Insurance cover of Rs 1,20,000, Rs 60,000 and Rs 30,000 respectively.

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Bank Unions Oppose PLI Scheme for Senior Bank Executives

AIBOC and AIBEA have written a letter to the DFS Secretary requesting him to review the recently introduced PLI Scheme for Senior Bank Execu...

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