Ministry of Finance Cabinet approves procedure and mechanism for Strategic Disinvestment of the CPSEs – delegation thereof 07 MAR 2019 The Cabinet Committee on Economic Affairs chaired by the Prime Minister has approved delegation of the following to Alternative Mechanism in all the cases of Strategic Disinvestment of CPSEs where CCEA has given ‘in principle’ approval for strategic disinvestment: (i) The quantum of shares to be transacted, mode of sale and final pricing of the transaction or lay down the principles/ guidelines for such pricing; and the selection of strategic partner/ buyer; terms and conditions of sale; and (ii) To decide on the proposals of CGD with regard the timing, price, the terms & conditions of sale, and any other related issue to the transaction. This will facilitate quick decision-making and obviate the need for multiple instances of approval by CCEA for the same CPSE. PIB

Ministry of Heavy Industries & Public Enterprises  CRR for Employees of CPSE 04 JAN 2019 Counselling, Retraining & Redeployment (CRR) scheme is being implemented as a social safety net to provide opportunities to the Central Public Sector Enterprises (CPSEs) employees or their dependents under Voluntary Retirement Scheme (VRS) / Voluntary Separation Scheme (VSS). The aim of retraining of the employees is to re-orient them through short duration skill training to adjust to the new environment and adopt new jobs after their retirement from CPSEs. From the year 2016-17, CRR scheme is being implemented in collaboration with National Skill Development Corporation (NSDC) under the Ministry of Skill Development & Entrepreneurship (MSDE). According to VRS/VSS guidelines, once an employee avails of voluntary retirement from a CPSE, the employee shall not take up employment in another CPSE. This information was given by the Minister of State for Heavy Industries ...

Ministry of Finance Cabinet approves listing of certain unlisted CPSEs on Stock Exchange 28 DEC 2018 The Cabinet Committee on Economic Affairs, chaired by the Prime Minister Shri Narendra Modi, has given its approval to list the following seven Central Public Sector Enterprises(CPSE) on the Stock Exchange through Initial Public Offering (IPO) /Further Public Offer (FPO): Telecommunication Consultants (India) Ltd.[TCIL]- IPO RailTel Corporation India Ltd. – IPO National Seed Corporation India Ltd. (NSC) – IPO Tehri Hydro Development Corporation Limited (THDC) – IPO Water & Power Consultancy Services (India) Limited [WAPCOS Ltd.] – IPO FCI Aravali Gypsum and Minerals (India) Limited [FAGMIL]- IPO Kudremukh Iron Ore Company Limited (KIOCL) – FPO The listing of CPSEs on the exchange shall unlock their value and encourage investor participation in the CPSEs. Further, Alternative Mechanism comprising of the Finance Minister, Minister of Road Transport & Shipping and t...

F. No. W-02/0003/2014-DPE (WC)-GL-XX VI/18 Government of India Ministry of Heavy Industries & Public Enterprises Department of Public Enterprises Public Enterprises Bhawan Block 14, CGO Complex, Lodi Road, New Delhi-110003 Dated: 3rd October, 2018 OFFICE MEMORANDUM Subject:- Payment of DA to Board level/below Board level executives and non-unionized supervisors following IDA scales of pay in Central Public Sector Enterprises (CPSEs) on 1987 and 1992 basis. The undersigned is directed to refer to para No. 4of this Department’s O.M. No. 2(50)/86- DPE (WC) dated 19.07.1995 wherein the rates of DA payable to the executives holding Board level post have been indicated. In accordance with the DA scheme spelt out in Annexure-III of the said O.M, the installments of DA become payable from 1st January, 1st April, 1st July, 1st October, every year based on the price increase above quarterly Index average of 1099 (1960=100). 2. In continuation of this Department’s O.M. of even No...

Payment of IDA at revised rates – Revision of scales of pay w.e.f. 01.01.1997(CPSEs) F. No. W-02/0004/2014-DPE (WC)-GL-XXV/18 Government of India Ministry of Heavy Industries & Public Enterprises Department of Public Enterprises Public Enterprises Bhawan Block 14, CGO Complex, Lodi Road, New De1hi-110003 Dated: 3rd October, 2018 OFFICE MEMORANDUM Subject:- Board level posts and below Board level posts including Non-unionised supervisors in Central Public Sector Enterprises (CPSEs)- Revision of scales of pay w.e.f. 01.01.1997 – Payment of IDA at revised rates regarding. In modification of this Department’s O.M. of even No. dated 04.072018, the rate of DA payable to the executives of CPSEs (1997 pay revision) is as follows: a) Date from which payable: 01.10.2018 (b) Average AICPI (1960-100) for the   quarter June,   2018 –  Aug., 2018 June, 2018 – 6641 July, 2018 – 6872 Aug., 2018 – 6872 Average of the quarter – 6795 (c) Link   Point : ...

Regarding Standard Terms and Conditions [FORMAT] for 2017 IDA pay scales in respect of Board level executives of CPSEs F. No. W-02/0031/2018-DPE (WC)-G1-XX/18 Government of India Ministry of Heavy Industries & Public Enterprises Department of Public Enterprises Public Enterprises Bhawan Block No.14, CGO Complex, Lodhi Road New Delhi, the 23rd July, 2018 OFFICE MEMORANDUM Subject :-   Standard Terms and Conditions for 2017 IDA pay scales in respect of Board level executives of CPSEs – reg. The undersigned is directed to refer to DPE’s OM dated 14.12.2012 and to state that guidelines on revised pay scales etc. in respect of executives of CPSEs following IDA pattern of pay scales w.e.f. 01.01.2017 have been issued vide DPE OMs dated 03.08.2017, 04.08.2017 and 07.09.2017. Based on the Government policy declared in these OMs, standard terms and conditions in respect of Board level executives of the CPSEs following IDA pay scales have been finalized by DPE. A copy of the...

DA   F.No.W-02/0003/2014-DPE (WC)-GL-XVII/18 Government of India Ministry of Heavy Industries & Public Enterprises Department of Public Enterprises Public Enterprises Bhawan Block 14, CGO Complex, Lodi Road, New Delhi-110003 Dated: 4th July, 2018 OFFICE MEMORANDUM Subject :-   Payment of DA to Board level/below Board level executives and non-unionized supervisors following IDA scales of pay in Central Public Sector Enterprises (CPSEs) on 1987 and 1992 basis. The undersigned is directed to refer to para No. 4 of this Department’s O.M. No. 2(50)/86-DPE (WC) dated 19.07.1995 wherein the rates of DA payable to the executives holding Board level post have been indicated. In accordance with the DA scheme spelt out in Annexure-III of the said O.M, the installments of DA become payable from 1″ January, 1″ April, 1st July, 1st October, every year based on the price increase above quarterly Index average of 1099 (1960=100). 2. In continuation of this Departmen...

CPSES No. W-02/0002/2014-DPE (WC)-GL-XV/18 Government of India Ministry of Heavy Industries & Public Enterprises Department of Public Enterprises Public Enterprises Bhawan Block 14, CGO Complex, Lodi Road, New Delhi-110003 Dated: 4th July, 2018 OFFICE MEMORANDUM Subject:-   Board level and below Board level posts including non-unionised supervisors in Central Public Sector Enterprises (CPSEs) – Revision of scales of pay w.e.f. 01.01.2007 – Payment of IDA at revised rates – regarding. In modification of this Department’s O.M. of even No. dated 03.04.2018, the rate of DA payable to the executives and non-unionized supervisors of CPSEs (2007 pay revision) is as follows: a) Date from which payable: 01.07.2018 b) Average AICPI (2001=100) for the quarter Mar 2018 – May, 2018 March, 2018 – 287 April, 2018 – 288 May, 2018 – 289 Average of the quarter – 288 c) Link Point: 126.33 (as on 01.01.2007) d) Increase over link point: 161.67 (288 minus 126.33) e) DA Rat...

F.No. W- 02/0003/2014-DPE (WC)-GL.-I/18 Government of India Ministry of Heavy Industries & Public Enterprises Department of Public Enterprises Public Enterprises Bhawan Block 14, CGO Complex, Lodi Road, New Delhi- 110003 Dated 3rd - January, 2018 OFFICE MEMORANDUM Subject - Payment of DA to Board level/below Board level executives and non-unionized supervisors following IDA scales of pay in Central Public Sector Enterprises (CPSEs) on 1987 and 1992 basis.   The undersigned is directed to refer to para No.3 of this Department's OM. No. 2(50)/86-DPE (WC) dated 19.07.1995 wherein the rates of DA payable to the executives holding Board level post have been indicated. In accordance with the DA scheme spelt out in Annexure-II of the said OM, the installments of DA become payable from 1st January, 1st April, 1st July, 1st October, every year based on the price increase above quarterly Index average of 1099 (1960 = 100) 2. ln continuation of this Department's OM. of even No. dated ...

Government is planning to abolish the system of formation of Pay Commission in future? Lok Sabha Government of India Ministry of Finance Department of Expenditure LOK SABHA UNSTARRED QUESTION NO. 3164 TO BE ANSWERED ON FRIDAY, THE JANUARY 05, 2018 PAUSHA 15, 1939 (SAKA)     NATIONAL ANOMALY COMMITTEE QUESTION 3164. SHRI CH. MALLA REDDY: Will the Minister of FINANCE be pleased to state: (a) whether the National Anomaly Committee (NAC) under the 7th Central Pay Commission has submitted its interim report, if so, the details thereof; (b) whether the Government is planning to abolish the system of formation of Pay Commission in future, if so, the details thereof and the reasons therefor; (c) whether the Government is considering to adjust the salaries of its employees and pensioners Deafness Allowance (DA) that crosses the 50 per cent mark, if so, the details thereof and if not, the reasons therefor; and (d) whether the Department of Expenditure planning to take the responsib...

Revival and Restructuring of CPSEs GOVERNMENT OF INDIA MINISTRY OF FINANCE LOK SABHA UNSTARRED QUESTION NO: 1375 ANSWERED ON: 22.12.2017 Revival and Restructuring of CPSEs SHRIKANT EKNATH SHINDE DHARMENDRA YADAV ANANDRAO ADSUL PRITAM GOPINATH MUNDE Will the Minister of FINANCE be pleased to state:- (a) whether the ailing Central Public Sector Enterprises (CPSEs) need revival and restructuring and if so, the details thereof: (b) whether the Government has issued guidelines for revival and restructuring of such ailing CPSEs and if so, the details thereof: (c) whether the private participation is also being considered in this regard and if so, the details thereof: and (d) the extent to which these guidelines will be beneficial for revival and restructuring of these CPSEs? ANSWER THE MINISTER OF STATE IN THE MINISTRY OF FINANCE (SHRI PON. RADHAKRISHNAN) (a) to (d) Department of Public Enterprises (DPE), as a nodal department, have issued guidelines on 29.10.2015 for “Streamlining the mecha...

Diversification of portfolios by PSUs Proposals for diversification of portfolios to maintain business performance are taken up by the Boards of Central Public Sector Enterprises (CPSEs) with the approval of competent authority after considering their techno-economic feasibility and viability. In addition, the Boards of Maharatna and Navratna CPSEs have been delegated powers, inter-alia, to (i) incur capital expenditure without Government approval on purchase of new items or for replacement, to take up new projects, modernization, etc., (ii) make equity investment to establish financial joint ventures and wholly owned subsidiaries, and (iii) undertake mergers & acquisitions subject to laid down conditions. The Boards of Maharatna and Navratna CPSEs have also been delegated powers to raise debt from domestic and international markets. This information was given by Minister of State in the Ministry of Heavy Industries and Public Enterprises Shri Babul Supriyo in reply to a written qu...

Cabinet approves extension of term of the Commission to examine the issue of sub-categorization of Other Backward Classes The Union Cabinet chaired by Prime Minister Shri Narendra Modi has approved the extension of term of the Commission to examine the issue of sub-categorization of Other Backward Classes, by twelve weeks i.e. upto 2nd April, 2018.  The extension of tenure will enable the Commission to submit a comprehensive report on the issue of sub- categorization of OBCs, after consultation with various stakeholders. The Commission was constituted under article 340 of the Constitution with the approval of President on 2nd October, 2017 and it was stipulated that it would submit its report within twelve weeks from the assumption of charge by the Chairperson. Background: The Commission, headed by Justice (Retd.) Smt. G. Rohini commenced functioning- on 11th October, 2017 and has since interacted with all the Stats/UTs having reservation for OBCs, and the State Backward Classes Co...

Cabinet approves Wage Policy for the 8th Round of Wage Negotiations for workmen in Central Public Sector Enterprises The Union Cabinet chaired by the Prime Minister Narendra Modi has approved the Wage Policy for the 8th Round of Wage Negotiations for workmen in Central Public Sector Enterprises (CPSEs). Highlights: i. Management of the CPSEs would be free to negotiate wage revision for workmen where the periodicity of wage settlement of five years or ten years has expired generally on 31.12.2016 keeping in view the affordability and financial sustainability of such wage revision for the CPSEs concerned. ii.  No budgetary support for any wage increase shall be provided by the Government. The entire financial implication would be borne by the respective CPSEs from their internal resources. iii. In those CPSEs for which the Government has approved restructuring/  revival plan, the wage revision will be done as per the provisions of the approved restructuring / revival plan only. ...