In a breakthrough, 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, through the timely intervention of the Union Minister of Ports, Shipping & Waterways, Shri Sarbananda Sonowal.
The MoU facilitates the revision of the wage structure and addresses other service conditions, including pensionary benefits. It was agreed that the fitment benefit of 8.5% on the aggregate amount of basic pay as of 31-12-2021, plus 30% VDA as of 1-1-2022, shall be granted. The periodicity of the settlement is set for five years, from 1-1-2022 to 31-12-2026. The new pay scales, effective from 1-1-2022, will be formulated according to existing practices.
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