Pay scales of Coal India’s 17,000-odd executives — from junior levels right up to chairman’s post — are proposed to be more than doubled, although the increase would be smaller after accounting for the dearness allowance already being paid on top of the basic salary.
The timing of the raise is critical as the government is set to auction coal blocks for commercial production to private companies and Coal India management is worried about poaching since it employs the best talents in the field in the country.
“Coal India will spend an additional Rs 1,000 crore on account of revised salaries for officers. It is expected to be implemented soon,” Coal India chairman Gopal Singh said. Read More
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