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.
This weeks top job in the employment newspaper is the IBPS probationary officer post. The next big announcement is from NTPC Ltd for the engineers with a minimum of 3 years of post-qualification experience.
You might be waiting for this week’s latest government job notifications. If you haven’t checked the last week employment newspaper, I would suggest going through it, as many vacancies from the previous issue are still available to apply.
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.