Coal wage talks deadlocked

The two-day crucial session of the Joint Bipartite Committee on Coal Industry (JBCCI), the apex body to work out and approve new wages for the seven lakh miners, ended in a stalemate here today. The outcome belied the expectations of the miners awaiting fmalisation of the fifth national coal wage agreement (NCWA-V), replacing NCWA-IV which had expired in June 1992. With the premise that the pension issue would no longer stand in the way for converting the MoU on NCWA-V to MoA, the new Union Coal minister, Mr. Jagdish Tytler, recently assured the central trade union leaders that he would try to have an Ordinance promulgated for introducing pension scheme for the miners in the current month.

Task force on non-industrial sick companies

The Union Industries Minister, Mr. K. Karunakaran, has said that the Government is committed to strengthening public sector undertakings in the strategic and high-technology areas and those which are generating reasonable profits. Inaugurating a seminar on ‘New industrial policy and State-level public sector enterprises’, organised by the Department of Public Enterprises (DPE) here today, Mr. Karunakaran emphasised the need for evolving some mechanism by which the wage structure in PSUs could be linked with productivity.

Hindujas tie up with Toyota, Daihatsu

The Hinduja group and Ashok Leyland have reached an agreement with Toyota Motor Corp and Daihatsu Motor Co, both of Japan, to study the feasibility of manufacturing passenger cars in India. Toyota and Daihatsu together manufacture a full spectrum of passenger cars. This will be available to the Indian market depending upon demand.

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