<p>A body of executives of Coal India Ltd on Sunday threatened to go on a strike unless their pay conflict with non-executive employees is addressed.</p>.<p>The Coal Ministry has said it approved a wage revision agreement that was reached with trade unions for non-executive employees of the miner.</p>.<p>All India Association of Coal Executives (AIACE), in a letter, to the Coal India chairman said that the new wage agreement for non-executive employees will result in a pay conflict with executives.</p>.<p><strong>Also Read | <a href="https://www.deccanherald.com/national/only-5-of-indias-coal-power-plants-meet-sulphur-dioxide-emission-norms-1230710.html" target="_blank">Only 5% of India's coal power plants meet sulphur dioxide emission norms</a></strong></p>.<p>The association demanded that executive employees must be compensated by “allowing pay-protection through personal pay package” to them so that their salary does not fall below the wage of workers.</p>.<p>"We have requested Coal India to initiate appropriate needful actions immediately to provide personal pay (PP) to executives and eliminate the conflict latest by September 30, 2023.</p>.<p>“Otherwise, executives may be compelled to resort to agitation including strike, if needed afterwards," AIACE general secretary P K Singh Rathor said.</p>.<p>The Coal Ministry had approved a wage revision agreement that was reached with trade unions for "non-executive" employees of Coal India Ltd.</p>.<p>In a communication to Coal India on June 22, the ministry said, "The MoA (memorandum of agreement) for NCWA-XI as signed by Coal India Ltd, Singareni Collieries Company Limited and trade union representatives, has been confirmed."</p>.<p>The agreement provides for a 19 per cent of minimum guaranteed benefit from July 1, 2021, on emoluments - basic, variable dearness allowance, special dearness allowance and attendance bonus – besides a 25 per cent increase in allowances.</p>.<p>The agreement will benefit around 2.81 lakh non-executive employees of CIL and SCCL, who were on the rolls of the company as on July 1, 2021.</p>.<p>CIL has made a provision of Rs 9,252.24 crore for a period of 21 months effective from July 1, 2021 to March 31, 2023, for this effect.</p>.<p>The company’s net profit declined 18 per cent to Rs 5,528 crore in the fourth quarter of FY 2023 due to increased provisions towards wages.</p>
<p>A body of executives of Coal India Ltd on Sunday threatened to go on a strike unless their pay conflict with non-executive employees is addressed.</p>.<p>The Coal Ministry has said it approved a wage revision agreement that was reached with trade unions for non-executive employees of the miner.</p>.<p>All India Association of Coal Executives (AIACE), in a letter, to the Coal India chairman said that the new wage agreement for non-executive employees will result in a pay conflict with executives.</p>.<p><strong>Also Read | <a href="https://www.deccanherald.com/national/only-5-of-indias-coal-power-plants-meet-sulphur-dioxide-emission-norms-1230710.html" target="_blank">Only 5% of India's coal power plants meet sulphur dioxide emission norms</a></strong></p>.<p>The association demanded that executive employees must be compensated by “allowing pay-protection through personal pay package” to them so that their salary does not fall below the wage of workers.</p>.<p>"We have requested Coal India to initiate appropriate needful actions immediately to provide personal pay (PP) to executives and eliminate the conflict latest by September 30, 2023.</p>.<p>“Otherwise, executives may be compelled to resort to agitation including strike, if needed afterwards," AIACE general secretary P K Singh Rathor said.</p>.<p>The Coal Ministry had approved a wage revision agreement that was reached with trade unions for "non-executive" employees of Coal India Ltd.</p>.<p>In a communication to Coal India on June 22, the ministry said, "The MoA (memorandum of agreement) for NCWA-XI as signed by Coal India Ltd, Singareni Collieries Company Limited and trade union representatives, has been confirmed."</p>.<p>The agreement provides for a 19 per cent of minimum guaranteed benefit from July 1, 2021, on emoluments - basic, variable dearness allowance, special dearness allowance and attendance bonus – besides a 25 per cent increase in allowances.</p>.<p>The agreement will benefit around 2.81 lakh non-executive employees of CIL and SCCL, who were on the rolls of the company as on July 1, 2021.</p>.<p>CIL has made a provision of Rs 9,252.24 crore for a period of 21 months effective from July 1, 2021 to March 31, 2023, for this effect.</p>.<p>The company’s net profit declined 18 per cent to Rs 5,528 crore in the fourth quarter of FY 2023 due to increased provisions towards wages.</p>