Govt okays further revision in pay for PSU officers

The government of India has decided increase in salary and allowances for central public sector enterprises on Monday. The hike in their salaries would be over and above the hikes announced last year, according to media reports.

Around four Public Sector Undertakings officers would be benefited. The cabinet meeting headed by the Prime Minister approved to improve the salary structure of officers at board level and below, along with supervisory staff.

The Committee of Ministers headed by the home minister P Chidambaram had forwarded the recommendations on the salary revision of PSU officers, over which the cabinet took the decision for hike the salary structure. The announcement will be good news for the public sector undertaking officers.