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Wednesday, January 28, 2009

The truth behind Oil PSU salary hike


I hope this to be the last of my article on Oil PSU Officer's strike. The truth has been out and has been given reasonable publicity on the net. Even some media houses has now come to understand how govt propaganda misled them. Star news has issued an apology and TOI had ran articles giving actual facts of the strike. Here is a fig which tell the actual story of pay hike :

After seeing the chart, you need to ask yourself as to how an entry level executive earn 1 lakh per month salary as was said by those half page ad ran by govt during the strike. You also can see from the above chart that the bureaucrats have willfully scaled down the recommendation of the Justice Rao committee. However in their own case, they got it raised handsomely over and above pay commission recommendation. This is called babudom. Why a second committe consisting of only babus were formed to reconsider Justice Rao Committe's recommendation ? Oil PSUs are not like govt department. They do not eat into tax payers money. Rather they generate enormous revenue for the nation by competing with foreign multi nationals. ONGC is now operating in several countries. These Oil PSUs are not run by babus, but by professionals. The babus could not digest the fact that professionals should get suitably rewarded for their efforts.

Just think : If these oil PSUs become sick or sold out to private parties tomorrow, you will be buying Gas Cylinder @400+, Kerosene @50+, Diesel @40+ or more. These so called private players will not bear subsidy. Reliance closed down its petrol even before crude price peaked at $145+. If the oil PSUs are not there, Reliance will be the happiest and will sell at whatever price they want. Prices will be raise fast, but will come down, if any, very slow. Their policy is not different from Private Banks who raised interest rates at every opportune moment, but has not reduced vene after many rate cuts by RBI. They goes up faster than you blink and comes down at snails fast.

I will be posting here few links to give more insight into the struggle of the Oil PSU workers.


posted by Rupankar Mahanta at 9:59 PM

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At February 27, 2009 4:33 PM, Blogger ajay said...

very rightly said but most of people do not know the differnece betwwen Govt and psu

At March 05, 2009 12:46 AM, Blogger Japjeev said...

good work sir...i am going to join as grade A officer in ioc...what kind of salary can i expect...considering government has done nothing after strike

At March 05, 2009 10:29 PM, Blogger Rups said...

On Japjeev : When you get your first salary slip you should get surprised not to see 1 lakh as claimed by Govt. Till the pay revision is released, it is difficult to guess salaries. But you should get something around 25.

At March 12, 2009 12:46 PM, Anonymous Anonymous said...

You have rightly said. Govt. pay revision was passed ASAP and arrears were paid before Deepawali... but even couple of month passed after strike and still no news is there about PSU pay revision...


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