Search Forum
Blog Entry# 3205753
Posted: Mar 15 2018 (14:30)
1 Responses
Last Response: Mar 15 2018 (14:30)
1 Responses
Last Response: Mar 15 2018 (14:30)
Mar 14 2018 (20:03) Railway employees to protest before Parliament tomorrow for better pay, withdrawal of NPS
A2Z~ 12817 news posts
Railway unions are organising a protest march to Parliament tomorrow, demanding the withdrawal of the National Pension System (NPS) and improvement of minimum wages, the All...
* It was reported that after implementation of 7th par commission, about 20-25% of the total revenues goes into paying pension to its retired employees & 40-50% of total revenues go into salary/perks of working employees. It is very difficult to survive for any organisation with so high staff costs.
* With interest rates on deposits in market falling from about 12-15% (2 decades ago) to about 7-10% today, it is very difficult for any organisation to earn more as interest on pension funds and pay handsome pension. Hence NPS was brought.
*...
more...
* With interest rates on deposits in market falling from about 12-15% (2 decades ago) to about 7-10% today, it is very difficult for any organisation to earn more as interest on pension funds and pay handsome pension. Hence NPS was brought.
*...
more...