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Wage negotiations with port workers to complete in a fortnight

By Economic Times - 2 months ago
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 December 31, 2021, plus 30% Variable Dearness Allowance (VDA) as of January 1, 2022, shall be granted.

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