Fw: Fwd: 3 rd pay revision for psu expectations

[Jarnail Tuli]

Sent from Yahoo Mail on Android

On Fri, 4 Dec, 2015 at 20:18, ravindra patil

<rpsing...@gmail.com> wrote:

After allowance imolemmtation 7 pay may impact 3 lakh crore +(without allowances its impact may be 1 lakh crore+) per annum and FM today stated he is not bother about budget deficit. He said 7 pay implementation impact may last upto 3-4 years.

I think as long as petrol & diesel prices are under 50 $ barrel india can bear any deficit easily worry times come only when prices goes above 125$ per barrel.

Good new for central govt employee as FM statement is a being considered as a go green signal for 7 pay comm.

Ncoa now it is your turn do something if you really can for PSU 3 pay commission demand and pay revision best luck!!!!!

Rpsingpati

---------- Forwarded message ----------
From: ravindra patil <rpsing...@gmail.com>
Date: Friday, December 4, 2015
Subject: 3 rd pay revision for psu expectations
To: NCOA GROUP <ncoa...@googlegroups.com>, Ashok Rao <kash...@gmail.com>, Baby Thomas <babytho...@gmail.com>
Cc: rpsing...@gmail.com


Govt. Of Delhi hike their mla pay approx 400 times  from 88k to 235000+allowances and da & ta + 5 % annual increment + other allowance and pension facility is also there

FM say he is not worried about budget deficit and 3 lakh car per annum is not a big deal if 7 pay is to be implemented IRS impact will be for 3-4 yes

PSU pay revision is essential

Best luck
Rpsinghpatil

---------- Forwarded message ----------
From: ravindra patil <rpsing...@gmail.com>
Date: Thursday, December 3, 2015
Subject: 3 rd pay revision for psu expectations
To: NCOA GROUP <ncoa...@googlegroups.com>, nc...@gmail.com, Ashok Rao <kash...@gmail.com>, Baby Thomas <babytho...@gmail.com>
Cc: rpsing...@gmail.com


Dear all

You all know about the various way government raise the money from share/capital market.

One way is bond when government issue bonds like infrastructure bond face value of 10 rupee government return the face value with fix interest amount on redemption of the bond after fix 5/10 year tenure. Govt.also provide tax concession on purchase of govt.bond and after all such exercise govt can raise fund. But some time govt. Also feel unsure regarding the fund raising attempt's success.

But when govt. Decide to raise the money by selling a fix % of share of PSU govt.remain fully sure regarding the money amount govt.will receive from a PSU share sell .we call it gradual partial disinvestment of PSU under this exercise a 10 rupee face value share can give a approx.500 rupee market price to govt. ( means in bond govt.gives lot of concession but remain unsure and repayment cost of the bond is nearly double but a PSU share sell give approx 50 times more value to govt.) But why govt.get such 50 times face value in the market only because of the state and business potential and human resouse asset of that PSU and also due to the value creation and value addition by the most valuable asset of that PSU it's employees so 10%+ profit share with PSU employee in such case is justified but till date no employee ,union or NCOs has raised such demand to protect the financial interest of PSU employees.

govt is continuously selling the fixed chunk of shares in market. You NCOA check the share price got by govt.in the case of ONGC,CIL,etc. And also check how much money share or profit share was given to these PSU employees due to which govt. Could get such good share market price. In this case govt is changing the owner by selling the share if stake in that PSU goes below 51 percent means a greater risk of job survival is involved for that PSU employees but no risk pay incentive is also given to such PSU employee.which must also be given in such cases to PSU employees.10%+ share of total share sell as risk pay in share owner transfer sell.

I have seen the state of vsnl employee after tata(tcl) purchased it .I personally did visit to TCL in 2006-07 at vsnl's old Mumbai chuchgate office and seen many PSU employee were been sacked and those who were working was totally cornered and deliberately ignored (job insult/humiliation was part and parcel for such employees) so employee right protection must be given top priority if NCOA or any other union / association can not stop govt from smart and gradual selling of PSU share.

I suggest make a summary of all the pay hike demands( raise all the pay demand mentioned in all my trailing email and suggestions received from other PSU employer association and member of ncoa) send one copy to dpe secy and other to concern political decision makers and one copy of the same demands to print media group like times group lokmat group dainik bhasker group tv9group etc for wide media publicity it may create pressure to turn the partial attitude adopted by concern decision makers in favour of PSU emploees ( till date decision makers has deliberately adopted deaf and dumb partial approach towards PSU employee pay related demands).

It is understood that dpe babu is also a govt.servant and is more concern about his own pay hike that PSU employees so PSU employee need to raise their voice at all possible levels individually as well as collectively using NCOA And all other unions and associations affiliated to NCOA.

After all we all know very well that Until child(even in the case of a step child) doesn't cry his or her mother can not understand he or she is hungry (perticularly when she is busy in pampering other central govt. Chield and catering their demands) and to stop his cry nobody compel his mother to feed him or her so ncoa should understand what is needed to do.

Rpsinghpatil

---------- Forwarded message ----------
From: ravindra patil <rpsing...@gmail.com>
Date: Thursday, December 3, 2015
Subject: 3 rd pay revision for psu expectations
To: Ashok Rao <kash...@gmail.com>, NCOA GROUP <ncoa...@googlegroups.com>, Baby Thomas <babytho...@gmail.com>, Ashok Rao <kara...@yahoo.com>
Cc: rpsing...@gmail.com


Dear all

I am surprised that there is no question asked from any ncoa member / association / affiliated unions that why the expected multiplication factor for revised psu employee salaries has taken (in my previous email ) just 1.65 for parity with central govt.employees and why not 4 for parity with private managerial counterpart working in companies ,MNC,etc .

i.e.( [new psu employee basic=current basic + 50% allowance+cuurent da]*4 )

There is no aggressive demand for higher pay for PSU employees and officers? Why? Even those who tried to support and defend the central govt. Employee (who don't earn any revenue like PSU employees except railway which is a commercial organisation) pay hike by suggesting the people not to grudge are also keep mum on cpsu employees aggressive pay hile ?why? Even fresher students from regional and local engineering colleges are getting 50 lakh to 1 crore annual pay packages and fresher students of IITs & IIMs are getting 1 crore + annual pay packages at entry level so now ask yourself that are PSU employee are worse talented ?are their talent is a dead talent? No even if few like meand few others may be on style but certainly not a dead talent.

Actually psu employee mentality and those who convey their demands to concern authorities their attitide is not aggressive.

pay revision formulae for central government is taken up to 2.81 for secretary level by 7th pay commission considering the role of Secy .I have seen some Secy bio data And some of them are just BA Passed. govt.doest not give any priority to management + technical qualification for higher post but PSU does most PSU gives entry at officer level only to those who have engineering degree and management qualification and so it is essential to understand that no private company now days tolerate any non management graduate/post graduate at managerial post so comparing govt. Babu salary with private CEO is not justified but still 7 pay commission compare private company and psu salaries for govt.babu salaries visit justifiable? Govt.dump its unwanted non management officers at PSU boards (ncoa check the bio data of all psu board ,cmd,direcors,cgms&gm  education and past work history most are govt. Appointed non management graduate or post graduate except few ) and due to lack of management knowledge who can not manage the PSU into profitable state but then why the direct management qualified recruits of the PSU should suffer pay wise and promotion wise?

Now 7 pay commission has recommended permanent pay commission for central govt. Employees which will revise the salary annually so why PSU employee should not get such permanent pay cimmission which will decide the annual revised increase in PSU employee salaries ncoa  demand  for permanent  pay commission for PSU employees.

If you ask for pay hike demand oil PSU defense PSU and railway PSU will come forward but the PSU which has largest employees like bsnl their employee will show some hesitation because other PSU are profitable and bsnl is suffering huge losses and is at the risk of going to be privatised.it is true but why PSU employee should suffer pay wise if PSU management appointed by govt is failing to deliver due to its mismanagement and wrong decision making (it is PSU board which is fully responsible for ensuring company profitability through its prudent and discreet management decisions ) PSU employee should take aggressive approach on it .today govt.15-16 target of disinvestment is 72000 crore and after disinvestment govt.claim full amount and spend lavishly but what employees get ? (Babaji ka ------?)NCOs should smartly point out to govt that govt must share the profit with that PSU employees when it divest aperticular % of share on higher prices in market? Employee can't stop owner from selling/ killing a golden egg laying PSU /cash cow at one time as it is policy decision of govt. But at least PSU employee should ask for its justified profit share and its family future money protection value from govt.during such sell of PSU / disinvestment.till date due to no voice raised on employee demand govt. Has smartly divested the PSU share in small quantity gradually without any opposition from employees of coal India ongc etc and used full amount for its own expenditures but someone needs to tell that PSU employee must get ESOP and % profit share .ncoa  should raise this demand if possible. If PSU is not profitable then if govt. Decides to sell it then PSU asset selling should done and 100 month gross pay and profit share arising from PSU share/all asset selling must be shared with PSU employees .

What is wrong in protecting PSU employees financial security in case when PSU employee or Any of its association or union can not stop the govt. From making the PSU privatised( smartly and gradually)

Hope NCOs now will put forward its demands more smartly and in more non traditional aggressive way (in todays rapidly changing globallised world only dharma and protest won't work and now days ncoa must learn and adopt the new strategies to deal and negotiate the demands of PSU employees aggressively on govt.table smartly and timely with discreet attitude)

Hope NCOA will demand for immediate merger of da with basic & 3 pay commission set up demand we know then govt will accept it .

Rpsinghpatil

---------- Forwarded message ----------
From: ravindra patil <rpsing...@gmail.com>
Date: Wednesday, December 2, 2015
Subject: 3 rd pay revision for psu expectations
To: NCOA GROUP <ncoa...@googlegroups.com>
Cc: ravindra patil <rpsing...@gmail.com>


Please send your expectations from 3 red pay revision commission for PSU

Like

-merger of 50% or 100%da in basic on 1.1.16

- revise pay basic should be (current basic+da+50%allowances)*1.65+

-Pay of PSU executive must be higher than central govt. employee (with proper justification if possible)

-10% fix annual increment

-15% per annum min. DA

- ESOP share on the basis of tenure of service

- feeder grade time bound promotion for direct recruitment employee

- 1 crore life insurance and 50  lakh health insurance for family

- ltc and other facilities

- existing 50% allowances

- pro bonus to each employee from PSU profit 3% profit sharing

- 5% profit share for employee pension fund and annually increamental pension for each PSU employees

-vrs option and 100 month gross payment and pension for direct recruited feeder grade employees who will prefer vrs option in case of disinvestment or closure of the PSU.

- PSU to PSU deputation and PSU to govt deputation facility at par with group a of central govt. Officers

Etc.


Please suggest your concrete suggestion to update the concern authorities and to convince them urgent need to consider PSU employee long awaited demand

2 PRC has seem partial for PSU employee regarding the true pay hike and did injustice on PSU employees .while profit is shared in the form of share dividend and CSR and other social activities are also imposed on PSU which consume a good chunk of profit but employee who work hard to keep PSU in profit seem clearly ignored . whereas 7 pay commission has given the handsome pay hike to entry level 10 pass peon (whoes job is sundry like providing file or giving tea or khalasi nature)and he can earn 18000 basic salary which is more than a E1 level PSU employee basic16400 whoes educational eligibility in PSU is BTECH/BE or & MBA And who is a part of junior management of PSU  

Even Grade pay 6600 group A Can earn 67000+ basic more than E9 level CND of PSU it shows PSU pay revision is essential otherwise no one will prefer to work in PSU at managerial level because in govt. A khalasi also has better basic than a PSU manager which is very strange fact.

So impartially and boldly share your opinions and thought so that the same can be shared with cabinet minister and in charge of dpe  , FM,PM,etc. to update them to take the correct positive decision regarding PSU employees and their valid pay hike demands to keep PSU profitable and as usual cash cows of government.


Your reply awaited

Rpsinghpatil

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