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

Restoration of full pension for Government employees on absorption in a PSU or an Autonomous Body

Restoration of full pension for Government employees on absorption in a PSU or an Autonomous Body- Department of Pension & Pensioners Welfare OM on Restoration of full Pension of absorbee pensioners in view of the order dated 01.09.2016 of Hon’ble Supreme Court in Civil Appeal No. 6048/2010 and Civil Appeal No. 6371/2010.

Expected Dearness Allowance for CPSU Employees from July 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 Industrial Dearness allowance (IDA)

CPSEs Pay Revision latest news- meeting of Committee of Secretaries

Cabinet Secretariat OM on the Recommendations of 3rd Pay Revision Committee for revision of pay for executives and non-unionized supervisors in CPSEs

Rashtrapati Bhavan OM regarding Recommendations of 3rd Pay Revision Committee for revision of pay for executives and non-unionized supervisors in CPSEs

Secret

Immediate

Copy No.9

No. 252/2/1/2017-Cab. III

Government of India

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.

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