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Key Indian equity indices open in red on a negative note

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The key Indian equity indices on Monday opened on a negative note.

The 30-scrip Sensitive Index (Sensex), was trading 108.55 points or 0.31 per cent lower soon after opening.

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The wider 50-scrip Nifty of the National Stock Exchange (NSE) was also trading 29.50 points or 0.28 per cent lower at 10,684.80 points.

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The Sensex of the BSE, which opened at 35,545.22 points, was trading at 35,314.93 points (at 9.27 a.m.), lower 108.55 points or 0.31 per cent from the previous day’s close at 35,423.48 points.

The Sensex touched a high of 35,578.24 points and a low of 35,288.97 points in the trade so far.

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Good news waiting for central government employees in month of March!

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New Delhi: The National Democratic Alliance (NDA) led by Prime Minister Narendra Modi at the Centre might announce good news related to minimum pay of central government employees in the month of March.

The central government is likely to implement the recommendations of the Seventh Pay Commission in March month. In a recent meeting of the National Joint Council of Action (NCJA) in New Delhi some proposals related to enhancing the minimum grade pay of central employees were discussed during meeting.

Though many associations of the central government are not aware of any such a proposal but at present, central employees get a minimum wage of Rs 18,000.

They are demanding a hike of up to Rs 8,000 in the minimum pay and increase in the fitment factor from 2.57 times to 3.68 times.

 

Let month of March come and good news wait for central government employees!:

 

As we all know that Lok Sabha elections just a few months away, the Modi government is leaving no stone unturned to woo its employees. If the minimum wage of the central employees does not see an increase, then their Dearness Allowance (DA) will definitely be increased.

According to some news reports said the Modi government is keen to increase the minimum pay of central government employees, but it will increase the burden on the public exchequer.

However, it is expected that the much-awaited decision by the central government is likely to be announced in the month of March. The Modi government has also stepped in to provide travel-related benefits to its employees in election season.

Now the Central employees will be able to travel through private airlines to visit the home and other parts of the country (Jammu and Kashmir and Andaman and Nicobar) under the LTC benefit.

 

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