Govt extends productivity reward scheme for port employees

Image
Press Trust of India New Delhi
Last Updated : Oct 14 2015 | 2:32 PM IST
The government today gave nod for extension of a scheme for payment of productivity-linked reward to port and dock employees to the current fiscal, a move that will benefit about 44,000 workers and officers.
"The Union Cabinet chaired by Prime Minister Narendra Modi today gave its approval for extending the existing Productivity Linked Reward (PLR) Scheme for port and dock employees for payment of Productivity Linked Reward from 2014-15 to 2015-16. The payment of PLR will be made after adjusting the ad-hoc amount already paid for 2014-15," an official statement said.
The expenditure on account of PLR shall be borne by major port trusts and dock labour boards from their own resources without any budgetary support from the government.
"This will benefit some 44,000 major ports and dock workers/employees/officers and will help ensure a better industrial relationship and congenial work atmosphere in the port sector, apart from stimulating better productivity," the statement added.
The major port trusts/dock labour boards will be immediately informed on due dates to make payment of PLR, as per the existing scheme, to all employees/ workers/officers for years 2014-15 and 2015-16, it said.
There are 12 major ports in the country - Kandla, Mumbai, JNPT, Marmugao, New Mangalore, Cochin, Chennai, Ennore, V O Chidambarnar, Visakhapatnam, Paradip and Kolkata (including Haldia) handle approximately 61 per cent of the country's total cargo traffic.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Oct 14 2015 | 2:32 PM IST

Next Story