|Author: Kailash Kumar 12 Aug 2016 Member Level: Platinum Points : 3 (Rs 3) Voting Score: 0|
As far as, I understand the Coal India Ltd. is not a Government department. Instead, it is a Public Sector Undertaking (PSU). The department of public enterprises (DPE), Government of India functions as the nodal department on the policy related to the wage of the workers, executives and board members of Public Sector Undertakings.
The Government has constituted a committee for making recommendations regarding revision of pay scale of executives of the central public sector undertakings. The committee will submit its report within six months and the finalized/approved pay revision will be effective from 01.01.2017. The report of the seventh pay commission will be taken into consideration by the appointed committee while making recommendations.
The pay revision of PSUs employees is financed from the resources of concerned PSUs itself, unlike the case of Central Govt employees where It is financed through Budgetary provisions.
|Author: Mahesh 13 Aug 2016 Member Level: Gold Points : 3 (Rs 3) Voting Score: 0|
Central government's benefit are awarded to the bodies which are governed by the central government. Such as the people working under parliament, court, etc etc. The company coal India is not a central government managed entity. As it is based on the PSU which is public undertaking. So the company does not get the same central government benefits. Also it has it's own way of managing the employee benefit. So they manage their own policy and drafts. Each of the policies of the PSU or the semi public limited firms have their own policies for the employee benefit.