Department of Public Enterprise has opposed a coal ministry proposal to provide performance related pay (PRP) from consolidated funds to executives of CIL arms that made losses in the relevant period.
It has said this is not in conformity with norms and would soon send a note to Cabinet in this regard. In the absence of sufficient profit before tax (PBT), loss making CPSEs are not allowed to distribute PRP, the DPE officials said adding there is no concept of providing PRP based on the consolidated account of holding company.
Technology Partners: MimirTech
Links:
[1] http://admin.indiaenvironmentportal.org.in/news/cil-plan-link-pay-performance-opposed-dpe
[2] http://admin.indiaenvironmentportal.org.in/category/newspaper/financial-express-new-delhi
[3] http://admin.indiaenvironmentportal.org.in/category/thesaurus/coal
[4] http://admin.indiaenvironmentportal.org.in/category/thesaurus/coal-india
[5] http://admin.indiaenvironmentportal.org.in/category/thesaurus/ministry-coal
[6] http://admin.indiaenvironmentportal.org.in/category/thesaurus/jharkhand
[7] http://admin.indiaenvironmentportal.org.in/category/thesaurus/central-coalfields
[8] http://admin.indiaenvironmentportal.org.in/category/thesaurus/western-coalfields
[9] http://admin.indiaenvironmentportal.org.in/category/thesaurus/mahanadi-coalfields
[10] http://admin.indiaenvironmentportal.org.in/category/thesaurus/orissa
[11] http://admin.indiaenvironmentportal.org.in/category/thesaurus/mining
