Update is DPE approved in Increased salary structure check details and DPE guidlines released on April 2 2009.

Govt approves revised pay scales for psu employees, In summary the government on Thursday announced a hefty 50 to 300 percent increase in pay-packages with effect from January 1, 2007. The new scales for 1,20,000 non-unionised supervisory staff and 2,58,000 board level officers in 216 operational Central PSUs. approved uniform fitment of 30 percent of basic pay plus dearness allowance for profit making PSUs with effect from January 1, 2007.

For weak and non-profitable PSUs, the fitment will depend on their affordability and will range between 10 percent and 20 per cent. The Cabinet relied on the Committee of Secretaries recommendations to classify PSUs into four categories - A, B, C and D, instead of five categories - A+, A, B, C and D recommended by the Rao Committee in May. The chairman of 'A' category PSU will now be eligible for Rs 80,000 to 1,25,000 pay scale as against Rs 18,500 to 23,900 currently. There are 247 CPSEs, of which 216 are in operation. In all 16,14,000 are employed in these, of which 12,36,000 are unionised workmen who negotiate their wages directly with their respective companies. reports zee news

Govt approves higher pay for central PSU officers The government has given its approval to increase pay for officers of central Public Sector Undertakings(PSUs) with effect from January 1, 2007. psu wage revision, dpe, cpsu, zee business It pays to work for PSUs; employees get salary hike Employees of private companies may fear for their jobs, but for their counterparts in public sector companies it’s bonanza time. The Government on Thursday announced a pay hike for central public sector undertakings (PSU), a decision which would benefit 2.5 lakh employees in over 200 companies. The new compensation package will come into effect from January 1, 2007 and the basic pay of chiefs of central PSUs will now range from Rs 55,000 to Rs one lakh

Over 1.6 million employees working in the estimated 240 central public sector undertakings (PSUs) are likely to receive a 50 to 60 per cent salary increase, possibly with retrospective effect from January 2006. The second PSU pay revision committee, headed by former Supreme Court Justice M Jagannadha Rao, is in advanced stages of finalising its award due April-end and plans to submit its report to the government soon after.

“The sixth Pay Commission report has also said that PSU salaries should not be linked to government. We are taking a realistic view of the situation,” ndtv, govt approves revised pay scales for psu employees, psu pay commission, cpsu pay revision, dpe

the chairman of a schedule A (top-ranked navratnas like IndianOil, ONGC and NTPC, among others) central PSU, whose annual cost to company (CTC) works out to Rs 12 lakh to Rs 14 lakh, could earn a gross Rs 20 lakh after the award. This will be far in excess of what an additional secretary in the government of India will get on account of the new Pay Commission award. At the bottom of the PSU pay scale, an entry level attendant in a leading power PSU has a CTC of around Rs 22,000 per month, which could go up to Rs 33,000.

Also check out department of public enterprises DPE website for

Pay Revision Committee for Executives and Non-unionised Supervisors of CPSEs

Report of 2^nd Pay Revision Committee For Executives of CPSEs

at http://dpe.nic.in/