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Maharashtra Maritime Board Approves 12% PF Contribution For Employees, Clears Key Port Development Projects

June 11, 2025 2 min read
author Anamika Mishra [Sub Editor]
In a landmark decision aimed at employee welfare and long-term workforce retention, the Maharashtra Maritime Board (MMB) has approved a proposal to raise its provident fund (PF) contribution from 10% to 12% of the basic salary and dearness allowance for its employees. This move, finalized during the 83rd board meeting chaired by Ports Minister Nitesh Rane, will benefit 149 staff members across the board. This long-pending reform under deliberation for the past 22 years represents not just a financial uplift for employees, but also a broader shift in how state maritime bodies are aligning with evolving standards in port logistics in the supply chain. As India intensifies its efforts to modernize shipping ports and freight handling, the MMB’s move is timely.

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