For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

    Govt Panel Recommends To Hike National Minimum Wage To Rs 9,750 Per Month

    |

    An expert committee formed under the ministry of labour and employment has recommended a minimum national wage of Rs 9,750 per month, which comes up to Rs 375 per day. An additional housing allowance of Rs 1,430 a month for city workers was also suggested.

    Govt Panel Recommends To Hike National Minimum Wage To Rs 9,750 Per Month
     

    The report dated January 2019 was made public this week. Among other recommendations made by the expert committee, it said, "setting the single value of the NMW for India at ₹ 375 per day (or ₹ 9,750 per month) as of July 2018, irrespective of sectors, skills, occupations and rural-urban locations, and introducing an additional house rent allowance (city compensatory allowance), averaging up to ₹ 55 per day i.e., ₹ 1,430 per month for urban workers over and above the NMW."

    "However, this city compensatory rent allowance may be allowed to vary in accordance with the type of city and town," the report further said.

    If accepted, this would be a national floor price and will not allow states to pay less than that. However, the pay could go more than the minimum set wage.

    At present, it is the states that decide on the minimum wages by taking into factors like the sector of work. A national price was demanded by workers but hasn't been implemented yet.

    To calculate the minimum wage, the committee has also recommended "increasing the previously established three consumption units per worker's family to 3.6 consumption units."

    Read more about: minimum wage
    Story first published: Saturday, February 16, 2019, 12:35 [IST]
    Company Search
    Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

    Find IFSC

    We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more