AFFORDABILITY CONDITION FOR IMPLEMENTATION OF 3rd P.R.C. Recommendations – Reply from PMO to SG NCOA New Delhi.
Click: 18.05.2022 PMOPG Reply
3rd P.R.C. Recommendations, Chapter 3, Page 59 reads : ” (iv) There are also certain CPSEs which have been formed as an independent Government company under a statute to perform specific agenda / regulatory functions. The revenue stream of such CPSEs are not linked to profits from the open market competitive scenario but are governed through the fees & charges, as prescribed and amended from time to time by the Government. There is no budgetary support provided by the Government to such CPSEs. In consideration that the impact of the revised compensation structure (including Performance Related Pay) would supposedly form the part of revenue stream for such CPSEs, the Committee recommends that affordability condition shall not be applicable to these CPSEs; however the implementation of same shall be subject to the approval of Administrative Ministry upon agreeing and ensuring to incorporate the impact of the revised compensation structure into the revenue stream.”