psu pay revision pay scales psu wage revision

psu pay revision Govt okays further revision in pay for PSU officers About four lakh officers of central public sector enterprises will benefit from a government decision today giving them a further increase in salary and allowances, over and above the hikes announced last year.
The decision to improve the salary structure of officers at board level and below, along with supervisory staff, was taken at the Cabinet meeting presided over by Prime Minister Manmohan Singh.

The improved pay packages will also include increase in house rent allowance and retirement benefits. reports bolmamabol,

PSU pay panel for 50-60% revision

the chairman of a schedule A (top-ranked navratnas like IndianOil, ONGC and NTPC, among others) central PSU, whose annual cost to company (CTC) works out to Rs 12 lakh to Rs 14 lakh, could earn a gross Rs 20 lakh after the award.

This will be far in excess of what an additional secretary in the government of India will get on account of the new Pay Commission award.

At the bottom of the PSU pay scale, an entry level attendant in a leading power PSU has a CTC of around Rs 22,000 per month, which could go up to Rs 33,000.

Constituted in November 2006, the committee was given 18 months to submit its report. The members include Nitish Sengupta, chairman, Board for Reconstruction of Public Sector Enterprises; P C Parakh, former secretary, Department of Coal; and R S S L N Bhaskarudu, former director, Maruti Udyog Ltd and former chairman, Public Enterprises Selection Board.
240 central public sector undertakings (PSUs) are likely to receive a 50 to 60 per cent salary increase, possibly with retrospective effect from January 2006.

The second PSU pay revision committee, headed by former Supreme Court Justice M Jagannadha Rao, is in advanced stages of finalising its award due April-end and plans to submit its report to the government soon after. psu pay scales, psu wage revision, psu pay, dpe, pay revision