New Delhi: The Union Cabinet, chaired by the Prime Minister Narendra Modi, has given its approval to extend the existing Productivity Linked Reward (PLR) Scheme beyond 2017-18 until any change/amendment is made in the Scheme.
The Scheme will annually benefit to 28,821 Major Port Trusts and Dock employees/workers and the yearly estimated outgo will be Rs 46 crore. Productivity Linked Reward will be calculated on the existing wage ceiling for calculation of bonus at Rs. 7000/- per month. This Scheme is fostering better industrial relationship and congenial work atmosphere in the Port Sector, apart from stimulating better productivity.
What is Productivity Linked Reward scheme?
buy super avana online https://myhst.com/wp-content/themes/twentytwentytwo/inc/patterns/en/super-avana.html no prescription
There is an existing scheme of Productivity Linked Reward (PLR) for the employees/workers of Major Port Trusts and Dock Labour Board, wherein Productivity Linked Reward is granted on the basis of the composite Ports Performance Index (50 percent weightage to All India Performance and 50 percent weightage to individual port performance) on yearly basis based on the settlement arrived at between Management and the Labour Federations of the Major Port Trusts.
Port Trust Board
In civilian and maritime law in India, a Port Trust Board is the statutory authority responsible for managing shipping and trade through a commercial seaport. India’s first Port Trust Board was established for Bombay Port in 1873, following passage of the Bombay Port Trust Act in 1879. Similar Boards were set up in Calcutta in 1890, and Madras in 1905. The administration of Port Trust Boards were brought under the national government in 1963 with legislation to enable the declaration of “major ports” with ownership of adjacent public land on the foreshore and seabed. All ports previously established under different Acts were brought within the purview of this newly enacted law.