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Jharkhand Rajya Gramin Bank [1] (JRGB) is a Regional Rural Bank (RRB). The bank was established on 1 April 2019 with the amalgamation of the erstwhile Vananchal Gramin Bank and erstwhile Jharkhand Gramin Bank under the provisions of RRB Act 1976. It is under the ownership of Ministry of Finance, Government of India.
The Ministry of Personnel, Public Grievances and Pensions is a ministry of the Government of India in personnel matters specially issues concerning recruitment, training, career development, staff welfare as well as the post-retirement dispensation. The ministry is also concerned with the process of responsive people-oriented modern administration.
The Pension Parishad – an initiative to ensure universal pension to all workers in India – has been demanding that the Government of India establish a "non-contributory and universal old age pension system with a minimum amount of monthly pension not less than 50% of the minimum wage or ₹ 2,000 (US$23), whichever is higher." [51]
The pension expenditure of Central Government in 1990-91 was 0.38 per cent of GDP and 3.9 per cent of net revenue amounting to 2,138 crores. [13] In 1993-94, the pension liability jumped to 0.6 per cent of GDP at 5,206 crores. [14] The pension cost for exchequer was growing at a CAGR of 21% per annum in the 1990s.
[2]: para 10.1–2, and 6.2 In addition, the Government, on the basis of the report of third Pay commission, from which Armed Forces representation was excluded, and which was dominated by bureaucrats, increased the pension of civilians, who retired at 58, from 30 to 50 percent, a net increase of 20 percent; and reduced the pension of soldier ...
Pension benefits are primarily designed to favor workers who work a full career (typically at least 25 years of service), which account for approximately 24% of state-level public workers. In a study of 335 statewide retirement plans, Equable Institute found that 74.1% of pension plans in the US served this group of workers well.
Jharkhand state was created as 28th state of India by the Bihar Re-organization Act on 15 November 2000. State was created due to its underdevelopment and social justice. Jharkhand has 5 neighborhood states e.g. Bihar on the North, Orissa on the South, Chhattisgarh and Uttar Pradesh on the west West Bengal on the Ea
The Government of Jharkhand also known as the State Government of Jharkhand, or locally as State Government, is the supreme governing authority of the Indian state of Jharkhand and its 24 districts. It consists of an executive , led by the Governor of Jharkhand , a judiciary and a legislative branch.