The government on Friday announced a higher one-time advance of “Rs 51,000 instead of Rs 40,000” payable to each employee of Coal India Limited and its subsidiaries.
This amount will be paid to employees before Diwali by October 17 – the day of Dhanteras – a government statement said.
The advance is a portion of the higher wage approved after year-long wage negotiations were concluded between the CIL management and trade union representatives. The employees received a 20 per cent increase on wages applicable from 2016.
An official statement also said there has been a 10.1 per cent growth in September 2017 and 13 per cent growth in October 2017 registered in coal production.