CoalMin pitches for performance pay in CIL

However,the coal ministry had,in September,proposed that CIL should be allowed to disburse PRP from its consolidated accounts and not from individual accounts of its subsidiaries,which are not making profit. The DPE has argued that allowing CIL to pay from consolidated accounts could spur other PSUs to seek similar dispensation.

The DPE needs to appreciate that deployment of officers to all the subsidiaries are centrally controlled. If they are posted in loss-making units,then why should they be denied PRP? By implication only employees of Northern,Southeastern and Mahanadi coalfields would get PRP, a coal ministry official said.

The coal ministry has also asked a committee of secretaries to intervene and ask the DPE to modify its guidelines as thousands of CIL executives have threatened to go on strike if they are denied PRP.

As per CILs calculations,the revenue outgo each year from 2007 would be about Rs 400 crore and the accumulated amount for seven years would be Rs 2,800 crore.

A DPE source said that at a time when CILs coal output is discouraging,it would not be for CIL to insist on PRP even though it may be hugely profitable and sitting over a cash pile of close to Rs 60,000 crore.