Govt forms Anomalies Panel to look at CPSE pay revision issues

The commission had recommended a 15% increase in emoluments, the lowest so far

PSUs outsmart many big firms on returns
Press Trust of India New Delhi
Last Updated : Aug 13 2017 | 1:35 PM IST
The government has constituted an Anomalies Committee to look into the issues and problems that may arise in the course of implementation of its decision on revision of pay scales of executives working in central PSUs.

The Anomalies Committee will have a tenure of two years with effect from August 1, 2017. It comprises secretaries from the Department of Public Enterprises, Department of Expenditure and the Department of Personnel and Training, according to a memorandum issued by the Department of Public Enterprises.

The Cabinet last month had cleared a 15 per cent hike in salaries of board level and below board level executives and non-unionised supervisors working in central public sector enterprises.

It had approved implementation of the recommendations of the 3rd Pay Revision Committee constituted for the purpose.

The commission had recommended a 15 per cent increase in emoluments, the lowest so far. Higher wages are effective from January 1, 2017.

The government had approved a pay hike of 37.2 per cent based on the recommendations of the previous pay revision committee for central PSU employees in 2007 and a pay hike between 24 per cent and 30 per cent on the basis of the first pay revision committee's report.

According to the Public Enterprises Survey 2015-16, there are 320 central public sector enterprises in the country, excluding seven insurance companies. Out of the 320 CPSEs, 244 are operational while 76 are yet to commence commercial operations.

The 320 CPSEs employed 12.34 lakh people (excluding contractual workers) in 2015-16. Around 30 per cent of the manpower of CPSEs belongs to managerial and supervisory cadres.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Aug 13 2017 | 1:35 PM IST

Next Story