Let us tell you that bank unions have been demanding 5 working days for a long time. This demand had caught hold since the government implemented the rule of 5 working days in the Life Insurance Corporation of India.

The Finance Ministry has no objection to this demand of the employees. The Indian Banking Association had sent a proposal to the government regarding this demand.

According to the proposal, daily working time for bank employees will be increased by 40 minutes. Notification can be issued with wage board revision. Notification can be issued under section 25 of the Negotiable Instrument Act.

The government wants to settle all the issues before December 1. The government has no objection to working 5 days in a week. Bankers Wage Revision is due from 1st November last year.

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Layoffs will be announced today

According to Bloomberg’s report, Facebook’s parent company Meta has asked its managers to announce layoffs on Wednesday. In such a situation, he should make his preparations. This retrenchment is going to affect Facebook as well as WhatsApp and Instagram.

Meta has made preparations to show the way out to a total of 10,000 employees in this round of retrenchment. In March, Chief Executive Officer Mark Zuckerberg announced that the company was going to lay off 10,000 employees. In such a situation, another round of retrenchment will be announced in May.

Has already laid off

Even before this, Meta had laid off 13 percent of its total workforce. This retrenchment was done in November and it affected a total of 11,000 employees. After this, the company had completely banned new hiring in the last quarter to cut down on expenses. Significantly, Meta is already going through difficult times. Since then, after the sinking of Silicon Valley Bank, the trouble of tech companies has increased manifold. In view of the decreasing income, the tech company is constantly laying off employees so that it can reduce its expenses.

The team will be restructured after the retrenchment

Mark Zuckerberg said in March that Meta is going to restructure its technology group by the end of April and its business group by the end of May. In such a situation, it was already indicated that the company is planning layoffs by April and May. The remaining employees will have to work with the new managers.

These companies also decided to lay off

Apart from tech companies, the process of layoffs is also going on in the entertainment industry. According to the report published in Live Mint, Walt Disney Layoffs is planning to lay off 15 percent of the employees. The company is also going to lay off employees on a large scale from the entertainment division. Apart from this, legal firm Ernst & Young Layoffs has also laid off 3,000 employees in America.

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After this increase, there is going to be a bumper increase in your salary. Tell that the government is directly increasing Rs 27,000. It can be stamped tomorrow i.e. on Friday. Only after this notification will be issued by the ministry.

Lakhs of pensioners and employees will be benefited.

The meeting of the Union Cabinet will be held tomorrow i.e. Friday, only after which the salary will increase. Now a special cabinet meeting has been called on Friday, in which an announcement will be made to increase the salary. Lakhs of pensioners and employees will directly benefit from this.

Cabinet meeting will be held on Friday

Let us tell you that the first cabinet meeting was to be held on Wednesday, but due to some reasons this meeting will be held on Friday, in which 4 percent dearness allowance will be approved. Only after this notification will be issued by the Finance Ministry. The government has told that only after the notification is issued, there will be a bumper increase in the salary of the employees.

Salary will increase by Rs 27,000.

If the basic salary of an employee is Rs 18,000, then his salary will increase by Rs 720 per month, that is, on an annual basis, the salary of the employees will increase by Rs 8,640. On the other hand, if the basic salary of the employees is Rs. 56900 per month, then their salary will increase by Rs. 2276 per month, that is, the salary will increase by Rs. 27312 on an annual basis. An announcement to increase the salary may be made soon by the government.

Dearness allowance was increased by 4 percent earlier also, let us tell you that if there is an increase of 4 percent in the DA of the employees, then the dearness allowance will reach at the rate of 42 percent. In July 2022 also, the government had increased the DA of the employees by 4 percent. Lakhs of central employees and pensioners will benefit from the increase in DA and DR.

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