After Government employees, it is now the turn of public sector executives to reap the pay revision bonanza. On Thursday, the Union Cabinet gave its nod to a pay enhancement for officers of Central Public Sector Enterprises (CPSEs). This will be implemented with retrospective effect from January 1, 2007.
The government has approved an average 96% increase in salaries of those working in central public sector enterprises (CPSEs). The increase has been higher at the top, with salaries of CEOs of profit-making CPSEs rising by nearly 300%. In addition, employees could also receive up to 200% performance-related pay(ntpc pay revision) as well.
What’s more, the revised salary would be applicable from January 1, 2007, which means these employees would receive fat arrears as well. This would translate into an extra burden of Rs 9,000 crore every year on the CPSEs. This should also help provide some consumption boost to the slowdown-hit economy.
The ntpc pay revision is not officially declared yet
It is also for the first time that the Government is introducing performance-related pay (PRP). Besides, the highest ceiling for gratuity payment has been increased from Rs 3.5 lakh to Rs 10 lakh (could also be the same for ntpc pay revision).A rough comparison with the recently approved revised pay-scales for Government employees shows that the B level company CMD could earn a maximum basic of Rs 90.000 per month, which is at par with the Cabinet Secretary. While the minimum basic for a CMD of an A category company would be Rs 80,000 per month, which would be at par with the maximum basic pay of a Secretary
get back for more updates on ntpc pay revision