BPCL Third pay revision committee (3rd pay)
First of all There is no pay commission will be given to BPCL employees and it common for all central public sector enterprises (CPSE) like PGCIL, IOCL, HPCL, BSNL, BHEL, SAIL, NTPC, HAL and more small government companies. The 3rd pay report by DPE for CPSEs decided to pay min Rs 30,000 for executive officer.
As per (Retd) Justice Satish Chandra committee (3rd PRC) report which will be effect from 1 January, 2017. It will be benefit for all CPSE employees. Central government employees get 7th pay commission from 1 January, 2016 Indian government enterprises are 1 year behind. Salary will be increase as much as it is feasible. BPCL Third pay revision is most awaiting for BPCL employees. BPCL IDA increased by 1.9 percent of basic from 01 July 2017.
Good news arrived Yesterday DPE and 3rd PRC recommendation and decision is approved by PM Narendra Modi salary hike is 15 percent for profit making CPSE company. Although Benefit making PSU are not happy because last time in 2007 it was 37.2 percent salary hike is given to PSU employees.
Salary improvement is depending upon the company which is profit making or lose making company. There is more chances of huge increment for profit making company’s. It will also be change in allowances like (House Rental Allowance) HRA, pay scales, TA. The committee not decide to any changes in retire time. PRC decide to allowed to implement VRS by allowing compensation to profit making company.
IDA or Industrial Dearness Allowances is also separate from central government employees.
Bharat Petroleum Corporation Limited (BPCL) is an Indian state-controlled or central government undertaking enterprise. BPCL oil and gas headquarter in Mumbai, Maharashtra. The BPCL operates two larger refineries of the India situated at Mumbai and Kochi.
Report of 3rd Pay Revision(3rd PRC) Committee for CPSEs
Get the here the complete report what the committee suggest for CPSEs employees which will be come into effect form 1 January, 2017.
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Committee is operated by the Department of Public Enterprises (DPE). The final report will be come after period of six month of PRC is formed. So wait and keep hope for better salary increment and enjoy. Coming soon 3rd prc report with good news for employees. As per PRC report HRA may decrease by 2 percent for with city less than 5 laks population and 16 percent for mega city employees.