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 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.
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.
This week top government jobs are from the Nehru Yuva Kendra Sangathan, Rashtriya Chemicals & Fertilizers Limited, Engineers India Ltd, Steel Authority of India Ltd, NFL, ONGC and many other Organizations.
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.
ONGC is renowned Crude Oil & Natural Gas Maharatna Company recently announced the recruitment of 785 Class-I officers post who will work as lower management cadre in the company.
Here In this post, I will discuss the ONGC company profile, Salary in hand to newly recruited Assistant Executive Engineers, Material Management Officer, Transport Officer, Programming Officers, Geophysicist, Geologist, & Chemist and explain the higher post names and their corresponding pay scales.
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.