It has been reported in the press that the management and unions in Coal India Ltd, a major PSU,have signed an agreement on 10-10-2017, The salient features of the wage pact are as follows;

1. The net increase in the present wages will be 20%.  The 3rd PRC has recommended a maximum of 15% fitment.
2.  The period of the agreement is to be 5 years where as in most of the PSUs including BSNL ,it is 10 years.
3. .The management for the first time agreed for a medical allowance and Rs.18,000 will be paid to every worker per annum.
4. A total of 2.98 lakh workers will be benefited and the annual expenditure is estimated to be Rs. 5,667 crore.
5.  CITU, AITUC & BMS Unions signed the agreement representing the workers.

We whole heartily congratulate the workers and unions of Coal India Ltd for the significant agreement which is a product of their unity and the determination for united struggle. This will definitely inspire the unions in other PSUs , including BSNL to emulate the same approach by forging unity and waging joint struggle to achieve a reasonable wage revision.