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English Release 28-November 2014
Date Month Year
  • President's Secretariat
  • President of India condoles the passing away of Prof. Tapan Raychaudhuri
  • Speech by the President of India, Shri Pranab Mukherjee on the occasion of inauguration of the Institute of Neurosciences
  • Medical Institutions should inculcate a humanistic approach in the minds of young doctors and health professionals, says President
  • Speech by the President of India, Shri Pranab Mukherjee at the Annual Convocation of the University of Calcutta
  • President conferred D LITT/Law Degree (Honoris Causa) and Asutosh Mookerjee Memorial Medal by University of Calcutta
  • Min of Agriculture
  • Rabi Area Coverage as on 28.11.2014
  • Conservation of Indigenous Livestock
  • Development of Fisheries
  • Development of Dairy Sector
  • Proposal For New Insurance Scheme For Agriculturists
  • International Agreements for Cooperation in Agriculture and Allied Sectors
  • Shortfall in Production of Potato
  • Stagnation in Agricultural Production
  • Decline in Sowing of Oilseed
  • Revival of Agriculture Sector
  • Min of Chemicals and Fertilizers
  • False Reports on Increase in Prices of Drugs
  • Min of Commerce & Industry
  • Statement by Nirmala Sitharaman Regarding “India’s Stand In The WTO”
  • Proposals for Foreign Direct Investment
  • MoUs with Japan
  • India-Russia Forum on Trade
  • Task Force for Export Facilitation
  • Trade Along LoC
  • Special Economic Zones
  • Assistance to Coffee Industry
  • Import of Rice by STC
  • Curbs on Onion Trade
  • Tea Production
  • Facilitating Ease of Doing Business - Recent Initiatives Under Ministry of Commerce
  • Min of Comm. & Information Technology
  • Cyber Security Violations
  • Min of Consumer Affairs, Food & Public Distribution
  • Steps taken by the Government to contain prices of essential food items
  • Transportation of PDS foodgrains through waterways to reduce transport cost
  • Computerisation PDS to make the system more efficient
  • States gets another six months for implementation of national food security act
  • Measures to augment domestic availability of pulses
  • FCI has adequate storage capacity for PDS foodgrains
  • Min of Corporate Affairs
  • Pending Cases with Company Law Board
  • Violation of Company Act
  • Overhauling of Companies Act
  • Market Research and Analysis Unit
  • Min of Culture
  • Mahesh Sharma Inaugurates Exhibition of Pattanam Excavation
  • Min of Defence
  • Arnia Encounter : Army Eliminates Four Terrorists
  • Avinash Chander to Continue as DRDO Chief on Contract After Superannuation
  • Air Chief Dedicates New Pilot Selection System for IAF to the Nation
  • Visit by the Chief of the Air Staff Indian Air Force to Indonesia
  • Crash of Sukhoi-30 MK1 Aircraft
  • Unauthorised Construction on Defence Land
  • Torpedo Recovery Vessel
  • Strength of NCC Cadets
  • Cyber Security
  • Export Of Defence Equipment
  • Funds Spent Under Corporate Social Responsibility
  • Defence PSUs
  • Military Canteen
  • Chinese Incursions
  • Purchase of Apache Helicopters
  • Modernisation Of Ordnance Factories
  • Defence Land
  • One Rank One Pension Scheme
  • Defence Projects
  • Suicides by Defence Personnel
  • Border Roads Organisation
  • Pragati Missile
  • Export of Defence Equipment By DRDO
  • Aircraft Crashes
  • Private Participation in Domestic Aerospace Arena
  • Recruitment of Scientists in DRDO
  • Ministry of Finance
  • Growth in the Second Quarter of the Current Financial Year 2014-15 has Been Broadly on the Expected Lines: Finance Ministry
  • Competition Commission of India to Organise Two Day ICN Merger Workshop 2014 on International Cooperation and Remedies in Merger Review;Finance Minister to Deliver Inaugural Address
  • Varishta Pension Bima Yojana (VPBY) Launched; to Benefit Senior Citizens Aged 60 Years and Above
  • Limit Free Transactions Through ATMs in Six Metro Centres Only
  • Implementation of Goods and Service Tax (GST)
  • 1641 Companies Listed with National Stock Exchange: at Least One Women Director Required on Board Of Directors
  • India Signs Agreement with ADB of US$200 Million to help State of Punjab Strengthen its Finances and thereby help with Socio-Economic Development of the State
  • India Signs Agreement with ADB for a Loan of Us $100 Million to Support Kerala’s Additional Skill Acquisition Program; 2,35,000 Needy Students in Kerala to be Benefited under the Program during 2014-2018
  • Long Term Rural Credit Fund; to Provide Support to Cooperative Banks and Rrbs with an Initial Corpus of Rs. 5,000 Crore
  • Asian Infrastucture Investment Bank
  • Expenditure Management Commission
  • Security Features of Indian Currency
  • Introduction Of Plastic Notes
  • To Give Autonomy to Public Sector Banks (PSBS), The Work of Selection and Appointment of Statutory Central Auditors (SCAS) Delegated to Individual PSBS for the Year 2014-15 Onwards
  • Appointment of CMD and EDS in Banks
  • Printing Currencey Notes in Indigenous Papers
  • Electronic Mode of Payment
  • Monetary Policy
  • E-Biz Portal Launched for Providing Single Online Platform to Companies
  • Initiation of Economic Reforms by the Government
  • Min of Food Processing Industries
  • Losses in Agricultural Commodities
  • Investment in FPIs and Food Parks
  • Min of Health and Family Welfare
  • Healthcare Services in North-Eastern Region
  • Essential Drugs
  • Allocation of Funds Under NRHM
  • Financial Assistance for Health Sectors in the Country
  • Ban on Testing of Cosmetics on Animals
  • Funds Allocation for Strengthening Health Care System Under National Health Mission
  • Steps taken to Curb Adulteration in Food Items
  • Steps Taken to Modernise CGHS Centres
  • Decline in Death due to Rabies
  • Taxation on Beedis and Cigarettes
  • Setting up new AIIMS like Institutes under PMSSY
  • Universal Immunization Programme
  • Upgradation of Medical Colleges Under PMSSY
  • Min of Home Affairs
  • MoS (Home) Shri Kiren Rijiju meets Thai Interior Minister in Bangkok Shri Rijiju thanks Thailand for cooperation in apprehending criminals wanted in India
  • Charge of DG, CRPF
  • Min of Human Resource Development
  • District and Block Level Education Officers to be Awarded by NUEPA
  • Min of Information & Broadcasting
  • My Name is Salt: A Documentary on Plight of Salt Workers in Ran Kachh
  • There is no running away from Bollywood says famous ad film director Bauddhayan Mukherji
  • Corbo: An insight into separatist struggle of Quebec
  • Min of Labour & Employment
  • Lok Sabha Passes the Labour Laws (Exemption from Furnishing Returns and Maintaining Registers by Certain Establishments) Amendment Bill, 2014
  • Min of Law & Justice
  • Press Communique
  • Press Communique
  • Min of Petroleum & Natural Gas
  • MOU between India and Mozambique on cooperation in the field of Oil and Gas
  • Global crude oil price of Indian Basket was US$ 72.51 per bbl on 27.11.2014
  • Ministry of Railways
  • Round the Clock All India Security Helpline ‘1800-111-322’ for Train Passengers is Operational
  • Railways allow PPP in Computerized Passenger Reservation System
  • 3289 Coaches Manufactured by Railway Production Units during 2013-14
  • Religious Circuit Trains to Connect more Pilgrimage Places
  • Min of Road Transport & Highways
  • Shri Nitin Gadkari Inaugurates CEAI Seminar
  • Min of Statistics & Programme Implementation
  • ESTIMATES OF GROSS DOMESTIC PRODUC
  • Min of Textiles
  • Export of Textiles
  • Improving Working Conditions of Weavers
  • Min of Tribal Affairs
  • Vanbandhu Kalyan Yojana
  • Committee on Condition of Tribals
  • Min of Urban Development
  • ‘Rahagiri’ gets UD Ministry’s Excellence Award; Karnataka bags four of ten Awards of Excellence for urban transport initiatives; Shri Babul Supriyo calls for adoption of Intelligent Transport Initiatives
  • Do smart cities protect interests of children?
  • Ministry of Water Resources
  • Storage Status of 85 Important Reservoirs of the Country as on November 27, 2014
  • Planning Commission
  • 70.43 crore AADHAAR card issued
  • Measures for effective implementation PPP projects

Previous Date

 
Ministry of Heavy Industries & Public Enterprises30-May, 2008 20:5 IST
Second Pay Revision Committee for CPSEs submits report to government
The Second Pay Revision Committee Report for the Executives of Central Public Sector Enterprises (CPSEs) was presented here today by the Chairman of the Committee Justice M. Jagannadha Rao, Retired Judge of Supreme Court to Shri Sontosh Mohan Dev, Union Minister for Heavy Industries and Public Enterprises. The Committee was constituted by the Government in November 2006. The Committee discussed various issues with a number of CPSEs, Officers’ Associations, Public representatives, SCOPE, Sixth Central Pay Commission, PESB, selected private sectors and other stake holders.

The highlights of the recommendations of the Committee are as follows :

The effective date of pay revision will be 1.1.2007. The CPSEs have been classified into five categories and the classification is based on the turnover, size of manpower and geographical spread of the CPSE. There will be five sets of pay scales based on categorization of CPSEs. There will be two components of pay i.e. Basic Pay and Risk Pay. Risk Pay is in addition to Basic Pay which depends on the categorization, profitability of the Company and the level of the executive.

Fixed Pay for CMDs and Directors has been recommended. CMDs Basic Pay ranges from Rs. 55,000 to Rs.1,00,000 depending upon the category. Directors basic pay ranges from Rs. 50,000 to 80,000 depending upon the category.

Basic Pay of below board level executives ranges from a minimum of Rs. 11,500 to Rs.70,000 at maximum level. Risk Pay will be in addition to the Basic Pay. Risk Pay ranges from Rs. 1100 to Rs. 25,000 p.m.

CPSEs will follow IDA. HRA will be at the rates of 30 per cent, 20 per cent and 10 per cent of the Basic Pay depending upon the classification of the cities/towns based on population.

A new scale Rs.65,000-75,000 at below Board level has also been suggested.

There is no change in retirement age and CCA has been dispensed with. Retirement benefits to be 30 per cent of the Basic Pay., which includes CPF, Pension, Gratuity and post retirement medical benefits.

Revision of the scales of pay and other benefits of non-unionized supervisors to be decided by the Board of Directors of concerned CPSE. *

* The Report is available on DPE’s website : www.dpe.nic.in

MG/VK
(Release ID :39306)

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