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.
There are only a few big PSUs left which have not implemented the 2rd Pay Revision Committee recommendations for the employees. Among them, BSNL, SAIL, MTNL, Vizag Steel are the main with which were awarded by prestigious status due to high performance in their respective sectors.
The BSNL, MTNL, BBNL, SAIL, and Vizag Steel are a few big PSUs which have not yet implemented the 3rd PRC order due to weak financial position. You may be aware of many such CPSEs which are still paying the salary as per the 2nd PRC guidelines.
The DPE has published the 2nd Pary Revision Committee recommendation for the PSU employees in November 2008. With the same order, the limit for the Gratuity enhanced to 10 Lakhs.
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.