About 400,000 officers of central public sector enterprises will benefit from a government decision on Monday 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.
The decisions are based on the recommendations of the committee of ministers headed by Home Minister P Chidambaram, which went into the revised salary and allowances notified earlier in November last year by the government.
PSU officers, particularly in the oil sector, forced the government to revisit their revised pay scales when they went on strike in January this year.
Briefing reporters after the Cabinet meeting, Chidambaram said the revision in the pay structure would vary from company to company.
Source : rediff News.
Conceding to the demand from officials of public sector undertakings, the government today announced a further hike of up to 20 per cent in pay packets of about four lakh executives.
The improvement is over and above the pay package notified by the government in November last year, which prompted officers, particularly in the oil sector, to take to the streets.
The decision for bettering the pay packages just ahead of the general elections was taken after government took the clearance from the Election Commission.
Asked about the total benefits to the officers and non-unionised supervisory staff after the revision, Home Minister P Chidambaram, who briefed on Cabinet decisions, said it would depend on individual PSUs.
Excluding superannuation benefits, on a basic salary of Rs 100 an officer will now draw Rs 370.48 as against Rs 351.12 that was approved last year.
Source : PTI
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