theking 35 Report post Posted February 17, 2006 NTPC beats MNCs, pays Rs 8 lakh to its sweepers Sunday, OCTOBER 16, 2005 Press Trust of India New Delhi: Salaries drawn by sweepers, attendants, drivers and helpers working at power giant NTPC can arouse strong envy among students from IIMs and IITs as the packages offered to school dropouts comes very close to what top MNCs might offer B-school graduates. Lal Beni, who perhaps never went to school and works as a sweeper in National Thermal Power Corporation, draws an annual package of Rs 8,68,146. One Safal Ram working as a helper in the company enjoys a handsome package of Rs 8,98,369 per annum, according to the annual report of the Corporation. List does not end here. Raghu Nath Sharma, a school dropout (quit studies after 4th std), enjoys a remuneration of over Rs 6.5 lakh per annum. Prem Singh, could not continue studies after 6th standard, brings home Rs 7,89,821, which is well enough to embarrass a highly educated person. Satbir Singh, a driver who discontinued studies after 8th standard, earns Rs 9,18,941 per annum which is few thousands less than R D Kapoor, Bachelor of Engineering (Mechanical) and holds an MBA degree, and serves as Director in the same company and takes home Rs 10,62383, the report says. After having struggled to acquire MSc and PhD degrees, one D N Roy, Deputy General Manager in the company, could only manage half the salary (Rs 5,21,903) as that of Satbir. A senior driver Rumal Singh earns Rs 5,67,447 which is few thousands more than that of Roy's. Thirty six years of experience and BSc (Engineering) degree could fetch only Rs 8,79,658 per annum for one S S Chakraborty, who serves as Chief Executive Officer in one of the units under the company, the report says. The remuneration offered by the PSU includes salary, allowances, leave encashment, leave travel concession, payment for subsidised leased accommodation, reimbursement of medical expenses to employees and employer's contribution to Provident Fund and other funds. However, it does not include the monetary value of the medical treatment provided in the Company's dispensaries/hospital of Project sites, since it cannot be quantified employee wise. In addition, the employees are entitled to gratuity/ group insurance in accordance with Company's Rules. The company also claims that none of the employees mentioned is related to any directors in the Public Sector Unit. Share this post Link to post Share on other sites
Arun 795 Report post Posted February 17, 2006 Interesting... even though it has been published in Economic Times/TOI, I find it difficult to believe this ! no, I'm not envy of them Share this post Link to post Share on other sites
supernova 47 Report post Posted February 17, 2006 ya its really difficult to believe . then dont the cost cutting comes into play in ntpc. Share this post Link to post Share on other sites
ani_meher 42 Report post Posted February 19, 2006 Yeh Baat kuchh hajam nahi hui! Share this post Link to post Share on other sites
