50 Increase In Wages

Trade unions at Coal India Ltd., the world's largest miner of the fuel, have demanded a 50% increase in workers' wages, potentially pushing up costs of the fuel that helps produce more than two-thirds of India's electricity.

Delhi Chief Minister Arvind Kejriwal today announced a nearly 50 per cent increase in minimum wages for all working class in the national capital and urged the Prime Minister and all the chief minister to do the same across the country.

Under the 3-year agreement, to be implemented with retrospective effect from April this year, the workers will receive 50 per cent of the increased salary in the first year and the 25 per cent each in the remaining two years.

Stiff competition from private operators and decreasing average revenue per user accounted for decline in revenues, while increased expenditure resulted from large legacy work force whose wages accounted for 50 per cent of the revenue.

Trade unions at Coal India Ltd., the world's largest miner of the fuel, have demanded a 50% increase in workers' wages, potentially pushing up costs of the fuel that helps produce more than two-thirds of India's electricity.

Delhi Chief Minister Arvind Kejriwal today announced a nearly 50 per cent increase in minimum wages for all working class in the national capital and urged the Prime Minister and all the chief minister to do the same across the country.

Under the 3-year agreement, to be implemented with retrospective effect from April this year, the workers will receive 50 per cent of the increased salary in the first year and the 25 per cent each in the remaining two years.

Stiff competition from private operators and decreasing average revenue per user accounted for decline in revenues, while increased expenditure resulted from large legacy work force whose wages accounted for 50 per cent of the revenue.