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Key equity indices open in green on a positive note

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The key Indian equity indices opened on a positive note on Tuesday.

At 9.25 a.m., the broader Nifty50 of the National Stock Exchange (NSE) traded at 10,896.35 points — higher by 43.45 points or 0.40 per cent — from its previous close of 10,852.90 points.

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The barometer 30-scrip Sensitive Index (Sensex), which had opened at 36,068.27 points, traded at 36,085.17 points (9.25 a.m.) – up by 150.45 points or 0.42 per cent — from its previous session’s close of 35,934.72 points.

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Sensex has so far touched a high of 36,095.80 points and a low of 36,019.63 points during the intra-day trade. The BSE market breadth was bullish with 894 advances and 338 declines.

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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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