CPSU

Latest News and updates on 7th Pay Commission for CPSU Central Public Sector Undertakings. Latest news on recommendations of 3rd PRC Par Revision Committee.

Pay revision for CPSU employees: 3rd PRC is likely to submit recommendations in December

3rd Pay Revision Committee (3rd PRC) was constituted by DPE in June 2016 for pay revision of CPSE Employees.The decision of the Government on the recommendations of the Committee will

Govt asks public sector banks to finalise next wage revision before November 1

NEW DELHI: The finance ministry has asked the heads of public sector banks to finalise the modalities for timely implementation of the next pay revision from November.

There are 21 public sector banks, post merger of six lenders with SBI, in the country. They together employ about 8 lakh people.

In a communication to CEOs and MDs of the state-owned banks, the ministry advised them to initiate the steps for smooth conclusion of next wage revision of the employee within the time-frame.

Decrease of 2.3% in Dearness Allowance for CPSU employees from April 2017

Industrial Dearness allowance (IDA) Calculator for Public Sector Undertakings Employees. 

7th CPC kept the same formula as it was in 6thCPC for calculating DA for CG Employees.3rd PRC for CPSU employees  also kept the same formula for calculating IDA

12 lakh CPSE staff to get Rs 20,000 cr windfall wages in 2017-18

In a move that could boost consumption and stimulate the economy, central public sector enterprises (CPSEs) are likely to pay out an additional R20,000 crore in 2017-18 as recompense to 12 lakh employees. This would be the second time in two years that government employees are getting pay hikes; central government staff got hefty pay hikes last year following the implementation of the 7th Pay Commission’s recommendations.

Pay Protection for CPSE Employees recommended by 3rd PRC

Pay Protection for CPSE Employees recommended by 3rd Pay Revision Committee

Acknowledging that a principled norm of pay-protection would be in order to be followed in cases of promotion from one level to next level, or upon selection of a CPSE executive to a Board level position, if the pay computed for fixation in the next level does not fit within the pay-scale of the Grade in which the incumbent is placed, then the same is to be regulated as below:-

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