Big decision: PSUs and banking officers will not get the benefit of reservation

New Delhi: The Modi government has taken a major decision regarding reservations in PSUs and banking sectors. Now OBC officials working in Public Sector Companies (PSUs) and Government Financial Institutions (Government Banks and Insurance Companies) will not get the benefit of reservation. So far these benefits have been received by their children. The Modi government has taken this important decision today. The objective of the decision is to bring the benefits of reservation to OBC employees working in small institutions in these institutions.

The Modi government today approved the cabinet meeting to form a section of officials in public sector companies and banks, equivalent to the group ‘A’ service of government posts. Now in the public sector companies, all the executive level posts, such as board-level executive and manager level posts, will be considered equivalent to the group ‘A’ service of the government.

At the same time, junior management grade scale-1 and above level officers in government banks and insurance and financial companies will be considered equivalent to the group ‘A’ officers of the Government of India. Officers sitting on these posts will now be considered under the creamy layer, which will not allow them to get the benefits of reservation.

There are about 300 public sector companies across the country, which include companies such as NTPC, ONGC, SAIL, BHEL, IOC and Coal India. At the same time, government financial institutions include government bank companies such as State Bank of India, Bank of India, Bank of Baroda and Punjab National Bank and LIC like government insurance companies.