SAIL 3rd pay revision SAIL pay commission 2017 & IDA rates for upcoming quarter month
As Steel Authority of India Limited (SAIL) is Central Public Sector Undertakings (CPSUs) company. Sail is Indian Government enterprise company do not have pay commission for such public sector companies. Sail will get separate PRC to increase salary after 10 years of interval which will effect after 1 year of Central direct government offices. As Rail is getting pay commission and it is effective from January 01, 2016. But for CPSUs company pay revision will be effective from one year later or January 01, 2017. sail 3rd pay revision most awaiting news. IDA is increased from 01 July 2017 by 1.9 percent of Basic pay.
SAIL pay revision recent update news and new circular
DPE or Department of Public Enterprise all Indian Government Undertaking enterprise are in same category which all will be effective by PRC pay revision committee. PRC is formed by Indian government PRC is touched with Central pay commission committee for better salary improvement for employees. CPSEs or central public sector enterprises is standalone from direct central government employees. Get latest updates from DPE complete information for PRC which will be effective from 01 January 2017. Yesterday DPE and 3rd PRC report -PM Narandra Modi approved recommendations of salary hike 15 percent for profit making PSU company. Benefit making PSU are not happy because last time in 2007 it was 37.2 percent.
Salary hike after 3rd pay revision depend on company annual profit
We all hoping better salary hike but in reality it completely depend on how much a particular company is making money in a financial year. As for example SAIL ONGC, IOCL, NTPC are profit making company but BSNL & AIR INDIA is losing money from last few years during Congress party regime. After Narandra Modi BJP government take over GOI office its little improved. So hope as much as your company is succeed in last few 10 years.
Good news is coming PRC decided to pay minimum salary 30,000/month as it is currently 12,600/month only. Pay will increase also as per CPSE categories. Steel Authority of India having man power of around 88,600 of people.
NTPC pay revision 2017 + ONGC pay revision circular updated.
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