The centre raises the minimum wages for unorganised sector workers. See Details. This move will help workers, especially those in the informal sector.
Centre raises the Minimum Wages for Workers
Beginning October 1, India will boost the minimum wages for informal sector workers, including those in construction, mining, and agriculture. This approach indicates to assist workers in managing the rising expense of living. The new daily minimum wages will be Rs. 783 for unskilled workers, Rs. 868 for semi-skilled workers, and Rs. 1,035 for highly trained workers.
In an effort to assist workers in dealing with growing cost of living, the government said on Thursday that it would raise minimum wages by modifying the Variable Dearness Allowance (VDA).
This measure will benefit workers, particularly in the informal sector. The new wage rates will help workers in a variety of sectors, including building construction, loading and unloading, watch and ward, sweeping, cleaning, housekeeping, mining, and agricultural at central sphere institutions.
The new wages rates will take effect on October 1. The last adjustment occurred in April of this year.
The minimum wage rates are divided into four categories: unskilled, semi-skilled, skilled, and highly skilled, as well as geographical areas (A, B, and C).
After revision, According to the Ministry of Labour and Employment, minimum wage rates in area “A” for workers in construction, sweeping, cleaning, loading and unloading for unskilled work will be ₹ 783 a day (Rs 20,358 per month), for semi-skilled ₹ 868 a day (Rs 22,568 per month), for skilled, clerical and watch and wards without arms ₹ 954 a day (Rs 24,804 per month), and for highly-skilled and watch and ward with arms ₹ 1,035 a day (Rs 26,910 per month)
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The central government updates the Variable Dearness Allowance (VDA) twice a year, on April 1 and October 1, based on the six-month average increase in the Consumer Price Index for industrial workers.
Meanwhile, retail inflation for industrial workers dropped to 2.15 percent in the month of July, compared to 7.54 percent the same month last year.
Year-on-year inflation in June 2024 was 3.67 percent, compared to 5.57 percent in June 2023. The Consumer Price Index-Industrial Workers (CPI-IW) has been progressively dropping since February of this year, reaching 3.87 percent in April 2024, according to Labour Ministry estimates.