CPSE employees welcome pay hike

Written by Economy Bureau | New Delhi, Nov 21 | Updated: Nov 22 2008, 06:02am hrs
Central public sector undertakings on Friday welcomed the pay hike announced by the government, but said certain anomalies need to be corrected before the implementation of the package takes place.

There could be certain problems in the implementation of the pay hikes, but those could be ironed out. The approved package has certain deviations from the original recommendations for example on pay scales and fitment, Indian Oil Corporation chairman and managing director Sarthak Behuria said on the sidelines of a function organised by Standing Committee on Public Enterprises (SCOPE).

There are issues in the large span of minimum and maximum level of fitment

that have been created. Overall the package is good in the present scenario, he added. The government on Thursday approved an average 96% hike in the salary of executives and board level officers. It decided to give a uniform fitment of 30% of basic pay plus dearness allowance to all executives instead of graded fitment of 3-42%, recommended by Second Pay Revision Committee for CPSEs. Director and chairman and managing directors would also get running pay scales instead of fixed pay, which was suggested by the panel.