The Hindu Business Line quoting PTI reports that the Cabinet chaired by PM Shri Narendra Modi, yesterday approved the Third PRC report for wage revision of serving Executives in PSEs. We do not doubt the credibility of Hindu or the PTI. The report says that 15% hike in salary is proposed. There, the doubts arise. Because PRC has recommended 15%, 10% and 5% hike depending upon the affordability of PSUs. Hence, we were waiting for the official Press Release.
Normally, after Cabinet Meetings the Press Information Bureau releases Press Communiqués. After yesterday’s meeting also the PIB has given eight Press Releases. In that there is nothing about the PRC Report and Pay hike in CPSEs.
There are certain procedures for implementing PRC report like; 1) The Cabinet approves it based on the Cabinet Note submitted by Department of Public Enterprises. 2) DPE issues the Office Memorandum based on the Cabinet approval. 3) DOT endorses the DPE OM to BSNL. 4) BSNL Board meets and considers the affordability and then takes a decision.
Even if the Media report is correct, we have to wait for the further procedures.Let us wait and see. Let us not jump into any hasty conclusion. And, after all, it is only for Executives. For Non-Executives bilateral negotiations have to be held before taking strike decision.