Pay revision of CPSE executives from Jan 1, 2007 cleared

New Delhi, Nov 20 (UNI) The Union Cabinet today approved the revised pay package for executives of Central Public Sector Enterprises (CPSEs) from January 1, 2007.

''The revised pay scales will be implemented by issue of presidential directive in respect of each CPSE separately by the ministry or department concerned,'' Minister of State in the PMO Prithviraj Chavan told reporters.

The payment of HRA, perks and allowances based on revised scales will, however, be from the date of issue of presidential directive.

The decison, based on the recommendations of the 2nd Pay Revision Committee and approved by the Committee of Secretaries, will be applicable to Board level executives, below Board level executives and non-unionised supervisors.

The expenditure on account of pay revision has to be borne entirely by the CPSEs, out of the earnings and therefore, no financial outgo from the Government on account of pay revison is envisaged.

An Anomalies Committee, consisting of secretaries of Department of Public Enterprises, Department of Expenditure and Department of Personnel and Training, will be constituted to look into further specific issues that may arise in the implementation.

Mr Chavan clarified that the decision on the pay revision was being announced after clearance from the Election Commission in view of the prevaling model code of conduct.

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