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.
The decision, taken by the Cabinet at a meeting chaired by Prime Minister Manmohan Singh today, was based on recommendations given by the Second Pay Revision Committee.
The package would include revision in dearness allowance and other allowances, besides performance related incentives.
Extra outgo on account of the new pay structure would be borne by individual CPSUs and no budgetary support is involved. While the new pay structure would be implementable from January 1, 2007, the new allowances would accrue to employees only after the decision is notified by individual units.
Source: Business Standard
