The Finance Ministry has given its nod for the Labour and Employment Ministry to fix the rate of interest payable to Employees Provident Fund subscrib

The Sixth Central Pay Commission has recommended the introduction of new performance based pecuniary benefit, over and above the regular salary, for Government employees. The benefit will be called Performance Related Incentive Scheme (PRIS) and will be payable taking into account the performance of the employees during the period under consideration. The recommendation has been accepted by the Government. Guidelines are being worked out through inter-departmental consultation. This was stated by the Minister of State for Ministry of Personnel, Public Gruievances and Pensions and the Minister of State in the Prime Minister’s Office, Shri V. Narayanasamy in a written reply in Rajya Sabha ON 15.03.2012. Source : PIB