15 Jun, 2008, 1308 hrs IST, PTI
NEW DELHI: Navratna power companies like PowerGrid, which have not been classified as A+ category, are planning to write to the government demanding parity in salaries with the elite Navratna club, for them the Pay Revision Committee has recommended higher wages.
"We have not been included in the A+ category of power PSUs which will result in lower salary revisions for us compared to A+ category 'navratna' firms. Hence we will write to the government on this," a top official of PowerGrid Corp said.
The government has classified NTPC and BHEL as A+ category navratna companies, while other power firms Power Finance Corporation, Power Grid Corp and Rural Electrification Corp have not been accorded this status.
"Because of the non-inclusion, our salary revision is expected to be lower by 15-25 per cent," the official said.
The Pay Revision Committee submitted its recommendations to the government in May and the government would take a view on the recommendations by the year-end.
They allege that parameters like revenue and profit per employee have been ignored while granting A+ status.
Some PSUs have also expressed displeasure over the inclusion of certain mini-ratna firms in the category because of which some navratna firms have suffered.
Certain non-power state-owned companies have already written to the government regarding the same.
"We have not been included in the A+ category of power PSUs which will result in lower salary revisions for us compared to A+ category 'navratna' firms. Hence we will write to the government on this," a top official of PowerGrid Corp said.
The government has classified NTPC and BHEL as A+ category navratna companies, while other power firms Power Finance Corporation, Power Grid Corp and Rural Electrification Corp have not been accorded this status.
"Because of the non-inclusion, our salary revision is expected to be lower by 15-25 per cent," the official said.
The Pay Revision Committee submitted its recommendations to the government in May and the government would take a view on the recommendations by the year-end.
They allege that parameters like revenue and profit per employee have been ignored while granting A+ status.
Some PSUs have also expressed displeasure over the inclusion of certain mini-ratna firms in the category because of which some navratna firms have suffered.
Certain non-power state-owned companies have already written to the government regarding the same.
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