PSU pay panel for 50-60percent revision

PSU pay panel for 50-60percent revision

• The second PSU pay revision committee, headed by former Supreme Court .... thanks of lot goverment of india(PSU).
• 2nd pay revision committee would accomplish the important task to strengthen the PSU. 56. Role of the Government.
• The committee headed by Justice M Jagannadha Rao was set up in November, 2006 and was given 18 months to submit its report. The effective date of implementation for these pay proposals was January 1, 2007. PSU executives would now take home a salary of anything over Rs 3,40,000 per month as the committee has raised the range of basic pay of CMDs from Rs 55,000 to 1,00,000 depending upon the category. Over and above this, they would be eligible for allowances that would be 50% of the basic and an annual increment which could be anywhere between 2-4% of the basic pay.