Yesterday Indian government approved new pay scales for psus. There is lot of search going on for new psu wage revision; Here is information to all your search related to dpe, psu pay revision, sanjay nayar, economic news, pay revision psu pay revision, psu pay, dpe, pay revision psu, pay revision psu pay hike
Informing that extra outgo of around Rs.9,000 crore on account of the new pay structure would be fully borne by individual CPSEs, Mr. Bandyopadhyay said a ceiling of 50 per cent of basic pay had been fixed for allowances, while performance-related pay would vary from 40 to 200 per cent. On an average, the hike would be around 100 per cent.
Uniform fitment of 30 per cent of basic pay plus dearness allowance has been approved for profit-making CPSEs, while for weak and non-profitable CPSEs, it would be in the range of 10-20 per cent, depending on their affordability.
The package would include revision in other allowances such as dearness allowance, house rent allowance, besides performance-related incentives.
Performance-related pay introduced; gratuity ceiling raised.
The new scales are based on recommendations of the Committee of Secretaries that classify CPSEs into four categories – A, B, C and D. The chairman and managing director of ‘A’ category CPSE will now be eligible for Rs.80,000-Rs.1.25-lakh pay scale as against the existing Rs.27,750-Rs.31,500. While the revised basic pay scale for the lowest level supervisor would be Rs.12,600-Rs.32,500 against the existing Rs.6,550-Rs.11,350. reports hindu
Here is Report of 2nd Pay Revision Committee For Executives of CPSEs from
About DPE. The Department of Public Enterprises acts as a nodal agency for all PSEs and assists in policy formulation pertaining to the role of PSEs in the economy as also in laying down policy guidelines on performance improvement.
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