New Delhi: The Union Cabinet chaired by the Prime Minister Narendra Modi on Wednesday has given its approval for regularization of pay scales of below board level executives in National Hydroelectric Power Corporation Ltd. (NHPC), North East Electric Power Corporation (NEEPCO), THDC India Ltd. (formerly Tehri Hydro Development Corporation Ltd.) and Satluj Jal Vidhyut Nigam Ltd. (SJVN) with effect from January 1, 1997 adopted by them consequent upon the orders of Ministry of Power dated April 4, 2006 and September 1, 2006.
After the approval, the pay scales adopted by Hydro CPSEs consequent upon the order of the Ministry of Power dated April 4, 2006 and September 1, 2006 shall be regularized.
About 5,254 executives of Hydro CPSEs enrolled before January 1, 2007 will be benefitted by this approval. It will motivate and boost the morale the Executives of Hydro CPSEs.
The total expenditure to the tune of Rs 323 crore will be incurred for the regularisation of pay scales.
A government press communiqué said that anomalies existed in the pay scales of executives of NHPC, NEEPCO, THDCIL and SJVNL from January 1, 1997 due to revision of pay scales of unionized category of workmen/non-executives in line with the NTPC/Oil sector within the organizations.