PSU staff spending increased by 15.6% - March 14, 2011

Public Sector undertakings’ (PSUs) staff spend increased by 15.6% during April-December 2010.

Public Sector undertakings’ (PSUs) staff spend increased by 15.6% during April-December 2010. This is revealed in a study of 53 PSUs (central and states, but excluding banks and NBFCs) for the periods, April-Dec 2010 and April-Dec 2009. Among the PSUs, the highest increase in staff cost was seen at Gujarat State Petronet, where it rose 105.7% during April-Dec ’10 from a negative 15.7% during April-Dec.

Source: www.financialexpress.com, March 14, 2011. “Rising trend in staff spend”

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