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.
The Maharatna Companies ONGC, Coal India, NTPC, Gail India, IOCL, BPCL, and BHEL has implemented the 3rd PRC report for their staff. There are many Navratna and Miniratna PSUs which also started executing the pay revision order.
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.
Last year, Coal India Limited had implemented the 3rd PRC recommendations for the employees working in the PSU and its subsidiaries.
Coal India Limited is a Government Owned coal mining company which take care of 82 mines located in different parts of India. It controls the 7 subsidiaries companies whose primary business is also the mining of Coal. Here in this topic, I will make you aware of the present the payment structure of engineers in the Coal India.
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.