copyrightMinimum salary of Central Public Enterprises (CPSE) employees is 30,000
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Minimum salary of Central Public Enterprises (CPSE) employees is 30,000, the recommendation of CMD of Rs 3.7 lakh
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Minimum salary of Central Public Enterprises (CPSE) employees is 30,000, the recommendation of CMD of Rs 3.7 lakh |
News & Business
For the Central Public Enterprises (CPSE), the Third Pay Commission has recommended minimum salary of 30,000 rupees per month for the employees of the undertakings and a maximum salary of Rs 3.7 lakh per month for the Chairman of Managing Director (CMD). According to the recommendations, minimum monthly salary for employees below the board of directors should be increased from Rs 12,600 to minimum 30,000 rupees per month. However, in the case of CMD, it has been recommended to make a maximum salary of Rs 3.7 lakh monthly for Schedule A CPE.In case of Central Public Enterprises of Schedule B, C and D category, maximum monthly salary of Rs 3.2 lakhs, 2.9 lakhs and 2.8 lakhs has been recommended. The recommendations of the Justice Satish Chandra Committee will come into effect from January 1, 2017. It will be kept with the Union Cabinet for approval.
On the basis of profit, PSUs are classified in different schedules. The most profitable company is kept in schedule A. Under the Schedule A, 64 under B, 68 under C, 45 under C and 4 people under D in the country. The committee has also made recommendations about housing allowance (HRA). According to the committee, no change has been recommended in the Industrial Duty (IDA) model and if the 100 percent dearness allowance is done, it will continue to do nitrilising as before.
The committee has suggested continuing to keep the annual increment three percent in basic salary. He has recommended no change in the retirement age of the CPSE staff. The committee has also said that Esap is beneficial for both CPSE and its employees. In its recommendation, the Committee has said that the companies that are making profits that bear the cost of voluntary retirement along with their surplus resources will be allowed to implement the VRS policy.