Government employee salary hike: The government has now approved a hike in the salary of some more employees, under which dearness allowance, basic pay and other allowances will be increased.
The central government has now approved the salary hike of some more employees. Giving information, the ministry said that the wage revision agreement with trade unions for non-executive employees of Coal India Limited has been approved. Now these employees will get the benefits of Basic, VDA, Special Dearness Allowance and Bonus etc. in salary. Apart from this, there will be an increase of 25 percent in the allowance.
In a note sent to Coal India, the ministry said that approval has been given for NCWA-XI of Coal India Limited, Singareni Collieries Company Limited and trade union representatives. This deal will benefit about 2.81 lakh employees of CIL and SCCL, who were working with the company on 1 July 2021.
The deal was done in May
The agreement was signed in May on behalf of Joint Bilateral Committee for Coal Industry (JBCCI)-XI, comprising CIL Management, Singareni Collieries Company Limited (SCCL), five Central Trade Unions – BMS, HMS, AITUC, CITU, Mine Workers Federation was included. (INMF) and representatives of the Indian National.
How much provision for increase
CIL has made a provision of Rs 9,252.24 crore for a period of 21 months from July 1, 2021 to March 31, 2023. The company’s net profit declined by 18 per cent to Rs 5,528 crore due to increase in salary provision. Fourth quarter of FY 2023.
19 percent increase in salary
After this approval of the Ministry of Coal, apart from dearness allowance, there will be an increase in basic salary and others. The total increase can be up to 19 percent. This hike is for a total of 21 months from July 2021 to March 2023.
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