Government of India
Ministry of Heavy Industries and Public Enterprises
Department of Public Enterprises
Public Enterprises Bhawan
Block No.14, CGO Complex, Lodi Road,
New Dlehi, the 14th December, 2012
Sub : Finalization of terms and conditions including pay fixation in respect of Board Level Executives of CPSEs, revised procedure thereof.
The undersigned is directed to state that at present the terms and conditions, including pay fixation, of Board level executives of CPSEs are finalized after vetting by DPE. In this regard para ’15’ of DPE O.M. dated 25.6.1999 (Annex-I) for 1997 pay revision and para ‘2’ of DPE O.M. dated 30.12.2009 (Annex-II) standard terms and conditions for 2007 pay revision may be referred to.
As per present procedure, the concerned Ministries/Departments propose the terms and conditions, including pay, to be fixed for the Board level executives of the CPSEs under their administrative contrl, with the approval of their Integrated Finance Wing (IFW), and refer the proposal to DPE. DPE while vetting the proposal ensures that it is as per the extant policy being followed uni formally in all CPSEs. Although the guidelines of DPE regarding terms and conditions, including pay fixation, have been simplified and are available on DPE website, it is noticed that the entire process takes considerable time in finalization. In order to reduce the time taken in issuing terms and conditions of Board level executives of CPSEs, the present procedure has been reviewed, and after due consideration a need is felt to revise it