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12 Jun, 2016 09:38 AM

Govt. constitutes 3rd Pay Revision Committee CPSU executive

Govt. constitutes 3rd Pay Revision Committee CPSU executive Directors, executives and other supervisory staff at companies run by the central government are in for a pay hike next year. The government appointed a committee to review and revise the structure of salary and emoluments of these employees at central public sector enterprises (CPSEs).

The Third Pay Revision Committee, headed by retired judge Satish Chandra, is given six months to submit its report, a government notification said. The government decision on the recommendations would take effect from January 1, 2017.

The step was taken on "recognising that in the prevailing business environment ... the CPSEs have to be commercially viable and competitive, and that the employees of the CPSEs have to be provided with suitable working conditions, emoluments and incentives to motivate them to strive for further growth, productivity and profitability of their enterprises," the notification said.

Other members of the committee are retired IAS officer Jugal Mohapatra, Institute for Economic Growth Director Manoj Panda, former NTPC Director Shailendra Pal Singh and the secretary at the Department of Public Enterprises.



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