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of <h1>Central Government Amends Salaries for Insolvency and Bankruptcy Board Chairperson and Members, Effective Retroactively from January 1, 2024.</h1> The Central Government has amended the rules governing the salaries and allowances of the Chairperson and members of the Insolvency and Bankruptcy Board of India. Effective from the date of publication, the amendment increases the Chairperson's salary from Rs. 4,50,000 to Rs. 5,62,500 and the members' salary from Rs. 4,00,000 to Rs. 5,00,000, applicable retrospectively from January 1, 2024. The changes are outlined in the updated rules from 2016, ensuring no adverse effects on any individual's interests.
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