Wage revision panel for PSUs likely soon

The committee for revising the salaries and other perks of executives of central public sector undertakings is likely to be announced early this week.

"The announcement of the committee to revise the pay scales of public sector employees will be made sometime this week," official sources said.

The department of public enterprises has cleared the proposal to set up the committee. The proposal has been sent to the Prime Minister's Office and its approval was awaited, the sources said.

The government has already appointed Justice Srikrishna Commission to rework the salaries of central government employees.

The revision of pay scales for central PSUs will benefit more than 3.5 lakh employees of these companies.

Pay scales of public sector staff were last upgraded in 1999 on the basis of the Justice S Mohan Committee report. The committee was set up in 1996 and its report came in 1998.

The Cabinet accepted the recommendations of the committee in 1999 but the increases were applicable from January 1997.

As the Mohan Committee's reward was applicable for 10 years, a new committee was necessitated, sources said.