SEFI office bearers meet Steel Minister

Central Chronicle News
Bhilai, Feb 15: A delegation of Steel Executives Federation of India (SEFI) paid visit to Union Steel Minister Dharmendra Pradhan and requested him to take cognizance over the pending issues related to steel fraternity and SAIL officers.
They demanded him to intervene for introduction of 3rd Pay Revision and resolving the other pending issues. SEFI Chairman Narendra Banchhor, SEFI office bearers Bimal Kumar Bisi, Himmat Singh Asolia and Chanchal Singh were present.
After discussion, Steel Minister Dharmendra Pradhan assured SEFI office bearers that the third pay revision will be introduced in SAIL very soon and appropriate and decisions will also be taken on other pending issues.
Later the SEFI office bearers met Shashank Priya (Additional Secretary and Financial Adviser, Ministry of Steel), Ruchika Chaudhary Govil (Joint Secretary, Steel) and Punit Kansal (Joint Secretary, Steel) and T. Srinivas (Joint Secretary, Steel). They made a representation demanding implementation of the third pay revision, Incremental PRP in the year 2018-19 and other issues.
It needs to be mentioned here that SAIL has achieved eligibility for wage revision as per the DPE guidelines in view of its financial performance of the financial years 2017-18, 2018-19 and 2019-20. Now the personnel of SAIL are eligible for pay revision. After discussion with the Minister, SEFI President Narendra Kumar Banchhor and SEFI General Secretary Bimal Bisi have expressed hope that the third pay revision will be introduced in the near future. They further demanded that the management must pay the arrears with effect from January 01, 2017.
SEFI Chairman informed that there has been some set back in the FY-2019-20 which has been attributed due to external factors like bad commodity cycle in metal sector especially in steel and the global situation created due to COVID-19 pandemic. However, inspite of adverse and challenging scenario SAIL has posted PBT of Rs 3171 Crores and Net Profit of Rs 2022 Crores in FY2019-20. Even during Pandemic SAIL executives have constantly strived to increase the production and profitability by working day and night for the nation building.
Regarding the implementation of 3rd Pay Revision, he said that the guidelines on 3rd pay Revision of Board level & below Board Level Executives and non-unionised Supervisors of CPSEs wef January 01, 2017 was issued by the Department of Public Enterprises (OPE) in August, 2017.
Financial performance of SAIL shows the average PBT of last three years is 1917Cr and now we are eligible for 3rd pay revision as per OPE Guidelines. Executive fraternity of SAIL has been eagerly waiting for implementation of 3rd pay wef January 01, 2017. Due to spiraling rise in cost indices in the past decade with great anticipation that this revision will not only safeguard the quality of life of our families in the coming decade, but also motivate us to serve better towards the cause of nation building.