PSU Pay Revision : Govt approves pay hike for CPSU officers
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In a bonanza to officers of Central Public Sector Undertakings, the government today announced a hefty 50 to 300 per cent increase in pay-packages with effect from January 1, 2007.A Cabinet meeting, chaired by Prime Minister Manmohan Singh, approved the new scales for 1,20,000 non-unionised supervisory staff and 2,58,000 board level officers in 216 operational Central PSUs.
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