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COMMODITY BUZZ: TEA (workers agree to an 11 percent cut in wages).
The Nilgiri Plantation Workers Association, which has over two lakh members, has agreed to an 11 percent cut in wages, along with a productivity pact, with planters and plantation companies. According to the agreement, workers have agreed to daily wage rates being reduced from Rs78.40 to Rs70. The variable dearness allowance …
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