Live
- Jain Monk Shri 108 Jnaneshwar Muni Attains Samadhi at Devlapur
- Meet DJ Yogi: The Favorite DJ of Bollywood Celebrities and Sports Stars
- Synergy Marine Group Champions Onboard AI Agriculture for Healthier Crews and a Greener Future
- BJP alleges Rs 45 cr scam by AAP govt in school construction
- Yashoda Medicity organizes “Crown of Courage” ceremony to honor Cancer Survivors
- AAP appoints two-time legislator Arora as Punjab chief
- BJP won’t succeed in toppling Congress govt: K’taka Home Minister
- Turkey neutralises five Kurdish militants in Syria
- BJP questions Kejriwal on 21,000 deaths in Delhi due to contaminated water
- CM Revanth Reddy Inspects Progress of Telangana Mother Statue Installation
Wage negotiations: BWNC & IPA ink pact
The MoU facilitates the revision of the wage structure and addresses other service conditions, including pensionary benefits
Visakhapatnam : In a breakthrough, a Memorandum of Understanding (MoU) was signed between the Bipartite Wage Negotiation Committee (BWNC) and the Indian Port Association (IPA), averting an indefinite strike that was set to disrupt operations across 12 major ports in India, through the timely intervention of the Union Minister of Ports, Shipping and Waterways Sarbananda Sonowal.
The MoU facilitates the revision of the wage structure and addresses other service conditions, including pensionary benefits. It was agreed that the fitment benefit of 8.5 per cent on the aggregate amount of basic pay as of December 31, 2021, plus 30 per cent VDA as of January 1, 2022, shall be granted. The periodicity of the settlement is set for five years, from January 1, 2022 to December 31, 2026. The new pay scales, effective from January 1, 2022, will be formulated according to existing practices.
Also, the six federations expressed their appreciation to Sarbananda Sonowal for his timely intervention and continuous guidance in resolving the protracted wage negotiations.
In Visakhapatnam, the federation representatives and employees of Visakhapatnam Port Authority expressed their gratitude towards the VPA management for successful completion of wage negotiations.
