{"id":576011,"date":"2023-05-11T11:12:26","date_gmt":"2023-05-11T05:42:26","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=576011"},"modified":"2023-05-11T11:12:26","modified_gmt":"2023-05-11T05:42:26","slug":"cil-aims-to-conclude-11th-coal-wage-deal-in-a-month","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/cil-aims-to-conclude-11th-coal-wage-deal-in-a-month\/","title":{"rendered":"CIL aims to conclude 11th coal wage deal in a month"},"content":{"rendered":"<p>Kolkata: Coal India (CIL) is hoping to conclude the eleventh version of the national coal wage agreement (NCWA-XI) within a month, benefiting its 2.4-lakh-strong non-executive staff. The next round of talks are scheduled on May 19.<\/p>\n<p>The company has stated that pending conclusion an upfront wage cost was provisioned in the accounts every quarter since July 1, 2021, the date of commencement of NCWA-XI. This had a telling effect on CIL\u2019s profit after tax in the fourth quarter of FY\u201923.<\/p>\n<p>\u201cExcluding the provision on wage cost due to NCWA-XI, CIL\u2019s Q4 PAT during FY\u201923 would have been Rs 9,920 crore, an all-time high for any quarter till date. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Kolkata: Coal India (CIL) is hoping to conclude the eleventh version of the national coal wage agreement (NCWA-XI) within a month, benefiting its 2.4-lakh-strong non-executive staff. The next round of talks are scheduled on May 19. The company has stated that pending conclusion an upfront wage cost was provisioned in the accounts every quarter since July 1, 2021, the date of commencement of NCWA-XI. This had a telling effect on CIL\u2019s profit after tax in the fourth quarter of FY\u201923. \u201cExcluding the provision on wage cost due to NCWA-XI, CIL\u2019s Q4 PAT during FY\u201923 would have been Rs 9,920 crore, [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[222,130,137],"tags":[],"class_list":["post-576011","post","type-post","status-publish","format-standard","hentry","category-coal-the-times-of-india","category-newspapers","category-the-times-of-india"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/576011","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\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=576011"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/576011\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=576011"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=576011"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=576011"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}