New Delhi, Sep 26
Coal public sector undertakings (PSU) announced a performance-linked reward (PLR) of Rs 1,03,000 each for non-executive workers, an official statement said on Friday.
The reward 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), according to the statement.
The decision has a financial impact of Rs 2,153.82 crore for Coal India Ltd and Rs 380 crore for SCCL.
The government informed that payments will be credited on a pro rata basis based on 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 announced that it aims to recognise the contribution and hard work of non-executive workers across all CIL subsidiaries and SCCL and ensure they are fairly rewarded for their efforts.
The payment of PLR provides a timely boost to the workers and their families during the festive season, it added.
The Performance-Linked Reward underlines the commitment of CIL and the Ministry of Coal to worker welfare, motivation, and recognition of contractor contributions.
By providing the PLR, CIL aims to boost productivity, morale, and job satisfaction among non-executive workers, who play a vital role in the company's mining operations and thus significantly contribute to shaping an Aatmanirbhar Bharat.
The recent GST reforms have eliminated the Rs 400 per tonne compensation cess previously levied on coal, while the GST rate on coal has been raised from 5 per cent to 18 per cent.
The coal ministry had earlier informed that the overall effect of the reforms, despite the increase in GST rates from 5 per cent to 18 per cent, is a lower tax incidence for final consumers, combined with a correction of the inverted duty structure that releases liquidity, eliminates distortions, and prevents large accounting losses for coal producers.
— IANS
Reader Comments
Good move by the government. But I hope this isn't just an election gimmick. Workers need consistent support, not just one-time bonuses. The pro-rata based on attendance is fair though.
While the reward is substantial, I'm concerned about the environmental impact of coal mining. Shouldn't we be focusing more on renewable energy transition while supporting workers?
Bahut accha decision hai! My brother works in Coal India and this bonus will help his daughter's education expenses. These workers are the real backbone of our energy security. Jai Hind! 🇮🇳
The GST reforms mentioned are interesting - eliminating compensation cess while increasing rate to 18%. Seems like a smart fiscal move that benefits both companies and consumers in the long run.
₹2,500+ crore total payout is huge! Hope this sets a precedent for other PSUs to reward their frontline workers properly. They contribute so much to our economy.
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