CIL, trade unions awaiting govt's approval on 19% wage hike pact 
Latest News

CIL, trade unions awaiting govt’s approval on 19% wage hike pact: Officials

CIL & trade unions are awaiting the government's approval for wage agreement that recommends 19 percent minimum guaranteed benefit to non-executive employees

PSU Watch Bureau

Kolkata: Coal India Ltd (CIL) and trade unions are awaiting the government's approval for a wage agreement that recommends a 19 percent minimum guaranteed benefit to 2.38 lakh non-executive employees of the miner, said the officials on Tuesday.

CIL and four central trade unions namely, BMS, HMS, AITUC and CITU had on January 3 inked a memorandum of understanding (MoU) as part of the ongoing National Coal Wage Agreement XI.

'Wage hike recommendation is now with the Department of Public Enterprises for its approval'

"The wage hike recommendation is now with the Department of Public Enterprises for its approval," said D D Ramanandan, All India Coal Workers' Federation (AICWF) General Secretary.

A CIL official also confirmed that "the new wage recommendation has been forwarded to the government for its approval."

(PSU Watch– India's Business News centre that places the spotlight on PSUs, Bureaucracy, Defence and Public Policy is now on Google News. Click here to follow. Also, join PSU Watch Channel in your Telegram. You may also follow us on Twitter here and stay updated.)

RBI asks banks to install fake currency detection machines at branches along international borders

Nalco's Q1 profit surges 91% to Rs 2,003 crore

OIL signs MoU with MCD to set up CBG plants that will use 800 TPD of Delhi's organic waste

NHAI to bid out 54 highway projects worth Rs 1.80 lakh cr in FY27

Chhattisgarh CM meets Union Minister Oram, seeks Rs 435 crore for Bastar electrification plan