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Cabinet clears 15 per cent hike in salaries for Central Public-Sector Enterprises Employees…

July 21, 2017 By admin

Cabinet clears 15 per cent hike in salaries for Central Public-Sector Enterprises Employees…

In a major news for the CPSE employees, the Cabinet on Wednesday evening cleared 15 per cent hike in their salaries, reported news agency PTI. The decision to hike the salaries of public sector employees was taken during a Cabinet meeting headed by Prime Minister Narendra Modi. The Cabinet approved implementation of the recommendations of the 3rd Pay Commission for central public-sector enterprises’ (CPSE) employees, an official said. The 15 percent hike was proposed by the commission earlier, is the lowest increase so far and will be effective from January 1, 2017. The previous commission had given a 37.2 per cent rise in 2007 and the first commission had given between 24 per cent and 30 per cent increase.

Source: Financial Express

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