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.
Whenever the government implements the pay revision committee benefits, the basic pay, DA and all other allowances get revised. Due to this the method and ceiling for calculating the retiral benefits like Gratuity and Leave encashment also get changed.
GAIL India is the profit-making youngest Maharatna Central Public Sector Enterprise under the administrative control of Ministry of Petroleum and Natural gas Government of India. The PSU received the Maharana Status by the Govt of India in the year 2013 due to outstanding performance.
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.