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English Release 21-October 2014
Date Month Year
  • President's Secretariat
  • Envoys of five nations present credentials to President of India
  • Vice President's Secretariat
  • Vice President Greets People on Deepawali
  • Prime Minister's Office
  • PM chairs meeting on urban development issues
  • PM’s Telephone Conversation with Prime Minister of Malaysia
  • PM to be in Srinagar on Diwali, 23rd October; will spend the day with flood-affected people
  • PM salutes the bravery of our policemen on Police Commemoration Day
  • PM greets the nation on Dhanteras
  • Election Commission
  • South Asian Election Commissioners Impressed by Counting Technology and Prompt Results Sharing of Experiences at South Asian Workshop
  • Min of Agriculture
  • National Seeds Corporation Hands Over Dividend Cheque to Union Agriculture Minister
  • Radha Mohan Singh emphasizes the need to increase Productivity of Milch Cattle
  • Min of Comm. & Information Technology
  • Indian Deegation to the ITU Conference Lead by Communications and Information Technology Minister Shri Ravi Shankar Prasad called for Democratisation of Global Affairs of Telecommunications and Internet Governance
  • Min of Corporate Affairs
  • Merger of National Spot Exchange Limited
  • Google Case
  • Min of Culture
  • Union Minister of State for Culture and Tourism, Shri Shripad Naik launches the National Portal for Museums
  • Min of Defence
  • Navy Helicopter Airlifts Spares for 132 kv Transmission Tower on Simhachalam Hill – Visakhapatnam
  • Ministry of Finance
  • Project Report on “DRISHTI” Submitted to Finance Minister
  • Min of Food Processing Industries
  • Minister of Food Processing Industries Reiterates the Need to Strengthen further Indo-French Cooperation in Agro-processing Sector.
  • Min of Health and Family Welfare
  • Dr Harsh Vardhan spells out Ebola action plan
  • Min of Mines
  • Mineral Production During August 2014
  • Min of Personnel, Public Grievances & Pensions
  • ACC Appointments
  • Min of Petroleum & Natural Gas
  • Production Performance of Oil & Natural Gas Sector for the month of September, 2014
  • Global crude oil price of Indian Basket was US$ 84.12 per bbl on 20.10.2014
  • Min of Road Transport & Highways
  • Electronic Toll Collection: A Uniform Standard of Service to Commuters
  • Min of Science & Technology
  • Dr. Jitendra Singh announces hike in fellowship amount to Research Scientists
  • Min of Skill Development, Entrepreneurship, Youth Affairs and Sports
  • India Won 2 Gold, 1silver & 3 Bronze at 2nd Asian Para Games 2014 on 20th October, 2014
  • Min of Steel
  • Ministry of Steel to set up “Steel Research & Technology Mission of India”

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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