Cabinet approves wage policy framework for CPSE workers: Finance Minister

Updated:3 weeks, 1 day ago IST

New Delhi, Nov 22 (ANI): The Union Cabinet on Wednesday approved the wage policy for the 8th round of wage negotiations for workmen in the Central Public Sector Enterprises (CPSEs). The Cabinet Meeting was led by Union Finance Minister Arun Jaitley, who said the Cabinet has approved the wage policy for the 8th round of wage negotiations for workmen in the Central Public Sector Enterprises. He added that no budget support for any wage increase shall be provided by the government and the entire financial implication would be borne by the respective CPSEs from their internal resources. The decision on the wage policy was taken at the cabinet meeting chaired by Prime Minister Narendra Modi in Delhi.

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