Policy approved for CPSEs’ wage negotiations

The government has said it will not extend any budgetary support for wage increase

GN Bureau | November 23, 2017


#PSU   #wage revision   #workmen   #cabinet  

 The cabinet has approved the wage policy for the 8th round of wage negotiations for workmen in central public sector enterprises (CPSEs).

A PIB release said that the management of the PSUs would be free to negotiate wage revision for workmen where the periodicity of wage settlement has expired on December 12, 2016.
 
The government will not provide any budgetary support for any wage increase and the entire financial burden would be borne by the CPSEs from their own resources.
 
In those CPSEs for which the government has approved restructuring plan, the wage revision will be done as per the provisions of the approved restructuring plan only.
 
The government has said the CPSEs have to ensure that negotiated scales of pay do not exceed the existing scales of pay of executives/officers and non-unionised supervisors.
 

Comments

 

Other News

I’m a victim of misgovernance. All of us are: Vishal Dadlani

Vishal Dadlani is a versatile musician who composes, sings as well as writes lyrics. He is  the co-founder of electronica/indie-rock band Pentagram – the first Indian band to perform at the Glastonbury Music Festival in the UK in 2005. He formed a music producing duo with musician Shekhar Ra

India mourns leader with exterior of a lotus but inner strength of Vajra

"Acche Vajpayee ka kya karoge (what will you do with a good Vajpayee)?" Atal Bihari Vajpayee once responded to the Opposition`s barb that he was "a good man in the wrong party" in his inimitable style during the trust motion in 1996. The style of delivery was such that the house plunged

Independence Day Special: Finding India in films

We are a nation of stories. Besides our major epics, stories have sprouted around our numerous gods, each constituting a mini-epic. As a people, we read the stories of our gods, we have them read and interpreted, we have them performed in more regional and linguistic variations than we can count. Some of t

Two fold rise in NALCO’s operating profit

NALCO has once again repeated its stupendous performance by registering profit after tax of Rs 687 crore in the first quarter of 2018-19 FY, posting a growth of 167 percent. As compared to the corresponding quarter of the last year, net profit growth has risen by a whopping 433 percent, from

Three ports may acquire stakes of Dredging Corporation of India

Minister of state for shipping, road transport and highways and chemical and Fertilizers Mansukh L Mandaviya recently said the government is considering the proposal of acquiring shares of Dredging Corporation of India by Visakhapatnam Port Trust, Paradip Port Trust and New Mangalore Port Trust based on th

Defence acquisition council okays acquisition plan of 83 LCA Tejas

For production of Light Combat Aircraft (LCA) Tejas, Hindustan Aeronautics Limited has received orders from Indian Air Force for 40 aircraft (20 initial operational clearance (IOC) standard and 20 final operational clearance (FOC) standard). Besides, 40 LCA Tejas, the defence acquisition co

Current Issue

Current Issue

Video

CM Nitish’s convoy attacked in Buxar

Opinion

Facebook    Twitter    Google Plus    Linkedin    Subscribe Newsletter

Twitter