New Delhi : Coal PSUs reward non-executive workers with Rs 1.03 lakh as a performance-linked incentive, an official statement confirmed on Friday.
The payment will benefit approximately 2.1 lakh non-executive cadre employees of Coal India Ltd and its subsidiaries, along with around 38,000 non-executive workers at Singareni Collieries Company Ltd (SCCL), the statement said.
The companies will bear a financial impact of Rs 2,153.82 crore for Coal India Ltd and Rs 380 crore for SCCL.
The government stated that it will credit payments on a pro-rata basis according to attendance. PSUs under the Ministry of Coal announced this reward following the sixth meeting of the standardisation committee of the Joint Bipartite Committee for the Coal Industry.
The coal ministry clarified that it aims to recognise the contribution and hard work of non-executive workers across all CIL subsidiaries and SCCL and ensure fair rewards for their efforts.
The PLR provides a timely boost to workers and their families during the festive season, the ministry added.
The Performance-Linked Reward highlights CIL’s and the Ministry of Coal’s commitment to worker welfare, motivation, and recognition of contractor contributions.
By issuing the PLR, CIL seeks to enhance productivity, morale, and job satisfaction among non-executive workers, who play a vital role in mining operations and significantly contribute to building an Aatmanirbhar Bharat.
The recent GST reforms removed the Rs 400 per tonne compensation cess previously levied on coal, while the GST rate on coal increased from 5 per cent to 18 per cent.
The coal ministry explained that the overall effect of these reforms, despite the higher GST rate, results in a lower tax burden for final consumers. In addition, the reforms correct the inverted duty structure, release liquidity, eliminate distortions, and prevent large accounting losses for coal producers.
–IANS
