{"id":348382,"date":"2020-04-27T11:22:21","date_gmt":"2020-04-27T05:52:21","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=348382"},"modified":"2020-04-27T11:22:21","modified_gmt":"2020-04-27T05:52:21","slug":"bharat-coking-coals-42000-employees-may-not-get-april-salary","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/bharat-coking-coals-42000-employees-may-not-get-april-salary\/","title":{"rendered":"Bharat Coking Coal&#8217;s 42,000 employees may not get April salary"},"content":{"rendered":"<p>Coal India subsidiary Bharat Coking Coal has no money to pay April salaries to its 42,000 employees as it received almost no payment from customers in the last few weeks. Executives fear production may have to be halted soon as its public sector consumers continue to lift coal on credit.<\/p>\n<p>\u201cTotal dues from power companies have crossed Rs 3,200 crore, one of the highest among subsidiaries, due to liquidity crisis faced by electricity generators during the lockdown,\u201d a senior Coal India executive said. \u201cThe entire working capital has been spent on producing and supplying coal to state-owned customers on credit, leaving none to pay salaries, provident fund, or statutory dues including royalty and cess.\u201d<\/p>\n<p>Inability to pay royalty will force the company to suspend operations as the levy falls due once coal is produced.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Coal India subsidiary Bharat Coking Coal has no money to pay April salaries to its 42,000 employees as it received almost no payment from customers in the last few weeks. Executives fear production may have to be halted soon as its public sector consumers continue to lift coal on credit. \u201cTotal dues from power companies have crossed Rs 3,200 crore, one of the highest among subsidiaries, due to liquidity crisis faced by electricity generators during the lockdown,\u201d a senior Coal India executive said. \u201cThe entire working capital has been spent on producing and supplying coal to state-owned customers on credit, [&hellip;]<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[194,130,136],"tags":[],"class_list":["post-348382","post","type-post","status-publish","format-standard","hentry","category-coal-the-economic-times","category-newspapers","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/348382","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=348382"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/348382\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=348382"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=348382"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=348382"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}