All employees of CPSEs (Coal India Ltd, NTPC, ONGC, IOCL, GAIL, BPCL, SAIL, BHEL, BSNL, MTNL, Nalco, HAL, BEL, NHPC, TCIL, ECIL, EIL, FCI, PGCIL, POSOCO, Vizag Steel and many others), and Private sector companies have EPF accounts for the provident fund.
The Central Public Sector Enterprises Employees get the payment as per the guidelines suggested by the Department of Public Enterprises.
The PSU staff Industrial Dearness Allowances (IDA) get revised after every quarter from the 1st day of January, April, July, and October Month.
The Department of Personnel & Training recently issued the gazetted and restricted holidays list through an office memorandum for the year 2020.
Like a central government employee, the staff working in the Public Sector Undertaking also get the Leave Encashment on retirement or resignation from the company.
The Maharatna & Navratna Public Sector Enterprises offers the top package to the fresh engineer who joins these government companies at the executive level. The total compensation was further increased due to the implementation of the 3rd Pay Revision Committee report in the profit-making CPSEs.
If you are keen to work for India’s best Maharatna Company or Navratna PSU just after the graduation in Engineering. You might be in search of GATE Cut Off for all PSU to plan your study accordingly.