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 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:-
Central Public Sector Enterprises (CPSEs) – 3rd Pay Revision Committee Report
3RD PAY REVISION COMMITTEE
The Government of India appointed the 3rd Pay Revision Committee on 9.6.2016 and the committee was assigned the time-frame to submit its recommendation within a period of six months from the date of its constitution.
Now 3rd Pay Revision Committee Report headed by Justice Dr. Satish Chandra has been submitted to Govt
The resolution in this regard passed by Govt is as follows