The Union Cabinet Wednesday gave its approval for regularisation of pay scales of 5,254 executives in four state-run hydro power companies -- NHPC, NEEPCO, THDC India and SJVNL.
Giving details of the decision, Union Minister Piyush Goyal said Rs 323 crore will be incurred for regularisation of the pay scales.
Anomalies existed in the pay scales of executives of the four PSUs since January 1997 due to revision of pay scales of unionised category of workmen/non-executives in line with the NTPC/oil sector within the organisations.
The pay scales of workmen and supervisors were higher than the pay scales of executives in the E-1 grade.
After the approval, the pay scales adopted by the hydro unit consequent upon the order of the power ministry dated April 4, 2006 and September 1, 2006 would be regularised.
About 5,254 below Board level executives the power units enrolled before January 1, 2007 will benefit by this approval.
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
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