Govt clears further pay hikes for PSU officers

Acceding to the demands from officials of public sector undertakings, the government today announced a further hike of up to 20 per cent in pay packets of about four lakh executives.

Acceding to the demands from officials of public sector undertakings, the government today announced a further hike of up to 20 per cent in pay packets of about four lakh executives.

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The improvement is over and above the pay package notified by the government in November last year, which prompted officers, particularly in the oil sector, to take to the streets.

The decision for bettering the pay packages just ahead of the general elections was taken after government took the clearance from the Election Commission.

Asked about the total benefits to the officers and non-unionised supervisory staff after the revision, Home Minister P Chidambaram, who briefed on Cabinet decisions, said it would depend on individual PSUs.

Excluding superannuation benefits, on a basic salary of Rs 100 an officer will now draw Rs 370.48 as against Rs 351.12 that was approved last year.