The Union Cabinet on 27 October 2016 approved the New Productivity Linked Reward (PLR) Scheme for all Major Port Trusts and Dock Labour Board employees and workers for the years 2015-16 to 2017-18.
This PLR scheme will benefit about 38 thousand Port and Dock workers in all the Major Port Trusts and the yearly outgo will be over 49 crore rupees.
• The PLR will be calculated on the enhanced wage ceiling for calculation of Bonus at seven thousand rupees per month.
• PLR shall be paid annually on the basis of 50 per cent weightage given to all India Performance and 50 per cent weightage given to the individual Port Performance.
• The arrear payments of PLR for the year 2014-15 to the employees will be calculated on the enhanced wage ceiling of seven thousand rupees per month for calculation of Bonus instead of 3500 rupees per month on the existing methodology of combined All India Port Performance.
• The new PLR Scheme will foster better industrial relationship and congenial work atmosphere in the Port Sector, apart from stimulating better productivity.
Besides, the Government also decided to extend stock limits on sugar traders by another six months from 29 October to 28 April 2017 to check price of the commodity. The main objective of the decision is to enable states to issue control order with the prior concurrence of central government, for fixing stock limits and licensing requirements in respect of sugar, whenever need is felt by them.
The move will help improve the availability of these commodities to general public at reasonable rates, and control the tendencies of hoarding and profiteering.
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