10Th Wage Agreement of Cil
2022年7月28日
The 10th wage agreement of Coal India Limited (CIL) has been one of the most talked-about topics in the coal industry. The wage agreement was signed on October 10, 2020, and it has been effective from July 1, 2016, to June 30, 2021.
The agreement was signed between the management of CIL, which is a state-owned coal mining company, and the representatives of the workers` unions. It covers around 2.72 lakh coal workers across eight subsidiaries of CIL.
Here are some of the key highlights of the 10th wage agreement of CIL:
1. The agreement provides for a 20% increase in the wages of workers. This is a significant hike, considering that the previous wage agreement, which was signed in 2011, provided for a 25% increase.
2. The agreement also provides for a 20% increase in the basic pay of workers. This is a significant change from the previous agreement, which provided for a 30% increase in the basic pay.
3. In addition to the wage increase, the agreement also includes various benefits and allowances for workers. Some of these benefits include a medical facility, a housing facility, and a provident fund.
4. The agreement also includes provisions for the implementation of the National Pension System (NPS) for workers. This will provide workers with a retirement benefit in addition to the existing provident fund.
5. The agreement also includes provisions for the regularization of contract workers. This is a significant step towards improving the working conditions of contract workers, who often do not receive the same benefits as permanent workers.
6. The agreement also includes provisions for the setting up of a welfare fund for workers. This fund will be used to provide financial assistance to workers in case of emergencies.
7. The agreement also includes provisions for the setting up of a grievance redressal mechanism for workers. This will ensure that workers can raise their concerns and grievances in a timely and effective manner.
8. The agreement provides for the payment of arrears to workers from July 1, 2016, to June 30, 2020. This is a significant financial benefit for workers, as it will provide them with additional income.
In conclusion, the 10th wage agreement of CIL is a significant step towards improving the working conditions and benefits of coal workers in India. The agreement provides for a significant wage increase, various benefits and allowances, and provisions for the regularization of contract workers. It also includes provisions for the implementation of the National Pension System, a welfare fund, and a grievance redressal mechanism. Overall, the agreement is a positive development for the coal industry in India, and it is expected to have a positive impact on the lives of coal workers across the country.
10Th Wage Agreement of Cil
2022年7月28日
The 10th wage agreement of Coal India Limited (CIL) has been one of the most talked-about topics in the coal industry. The wage agreement was signed on October 10, 2020, and it has been effective from July 1, 2016, to June 30, 2021.
The agreement was signed between the management of CIL, which is a state-owned coal mining company, and the representatives of the workers` unions. It covers around 2.72 lakh coal workers across eight subsidiaries of CIL.
Here are some of the key highlights of the 10th wage agreement of CIL:
1. The agreement provides for a 20% increase in the wages of workers. This is a significant hike, considering that the previous wage agreement, which was signed in 2011, provided for a 25% increase.
2. The agreement also provides for a 20% increase in the basic pay of workers. This is a significant change from the previous agreement, which provided for a 30% increase in the basic pay.
3. In addition to the wage increase, the agreement also includes various benefits and allowances for workers. Some of these benefits include a medical facility, a housing facility, and a provident fund.
4. The agreement also includes provisions for the implementation of the National Pension System (NPS) for workers. This will provide workers with a retirement benefit in addition to the existing provident fund.
5. The agreement also includes provisions for the regularization of contract workers. This is a significant step towards improving the working conditions of contract workers, who often do not receive the same benefits as permanent workers.
6. The agreement also includes provisions for the setting up of a welfare fund for workers. This fund will be used to provide financial assistance to workers in case of emergencies.
7. The agreement also includes provisions for the setting up of a grievance redressal mechanism for workers. This will ensure that workers can raise their concerns and grievances in a timely and effective manner.
8. The agreement provides for the payment of arrears to workers from July 1, 2016, to June 30, 2020. This is a significant financial benefit for workers, as it will provide them with additional income.
In conclusion, the 10th wage agreement of CIL is a significant step towards improving the working conditions and benefits of coal workers in India. The agreement provides for a significant wage increase, various benefits and allowances, and provisions for the regularization of contract workers. It also includes provisions for the implementation of the National Pension System, a welfare fund, and a grievance redressal mechanism. Overall, the agreement is a positive development for the coal industry in India, and it is expected to have a positive impact on the lives of coal workers across the country.