Cabinet clears pay hike for CPSE employees

The Cabinet today cleared a 15 per cent hike in salaries for public sector company employees.

The Cabinet headed by Prime Minister Narendra Modi approved implementation of the recommendations of the 3rd Pay Commission for central public sector enterprises' (CPSE) employees, an official said here.

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

The previous commission had given a 37.2 per cent rise in 2007 and the first commission had given between 24 per cent and 30 per cent increase.