pay revision of psu officers

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The decision taken by the cabinet at a meeting chaired by Prime Minister Manmohan singh, was based on recommendations given by the Retired Supreme Court Chief Justice M. Jagnnadha Rao Committee for Second Pay Revision.

If approved, Unifor Fitment of 30 percent of Basic Pay plus Dearness Allowance for Profit making PSUs with effect from January 1, 2007. For other PSUs the fitment will depend from 10 to 20 percent.

Extra outgo on account of the new pay structure would be borned by the individual PSUs and budgetory support will be provided.

The Cabinet relied on the committee of the secretaries recommendations to classify the PSUs into four category A,B,C &D instead of five categories A+,A,B,C,D recommended by the Rao committee in may 2008.

The Chairman of the "A" category PSU will be eligibile for Rs.80,000 to Rs.1,25,000 pay scale as against 18,500 to 23,900 presently.

There are 247 CPSUs out of which 216 are in operation. In all 16,14,000 are employed in these, of which 12,36,000 are unioninsed workmen who will negotiate their wages directly with their respective companies.

New Delhi, Nov. 21 The Government’s attempt to make jobs in Central Public Sector Enterprises (CPSE) attractive seems to have met with little success.

The pay revision of CPSE executives announced by the Government on Thursday has been turned down by the Oil Sector Officers Association (OSOA) and other PSUs as well.

Mr Amit Kumar, President of OSOA, said, “The effort of two-and-a-half years of constant persuasion by nearly 50,000 officers through their forum of OSOA has been negated altogether by the Government.

“Officers are extremely aggrieved and the Government is forcing us to go on direct action programme with effect from December 2.”

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