Shipping ministry accepts revised wage structure for workers of major ports
The Ministry of Ports, Shipping and Waterways has approved wage structure revision for workers at major ports, an official statement said on Wednesday.
According to the statement, 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.
The MoU facilitates the revision of the wage structure and addresses other service conditions, including pensionary benefits, it added.
It was also 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 (variable dearness allowance) as of January 1, 2022, will 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," the statement ...
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