PSU Head's Payment will be more than President

Top guns of public sector units (PSUs) will no longer have a reason to complain about their poor pay packets, as many will soon be drawing salaries more than the President of India. The government has approved an average 96% increase in salaries of those working in central public sector enterprises (CPSEs). The increase has been higher at the top, with salaries of CEOs of profit-making CPSEs rising by nearly 300%. In addition, employees could also receive up to 200% performance-related pay as well.
What’s more, the revised salary would be applicable from January 1, 2007, which means these employees would receive fat arrears as well. This would translate into an extra burden of Rs 9,000 crore every year on the CPSEs. This should also help provide some consumption boost to the slowdown-hit economy.