Bringing relief to the working class of the country facing an unprecedented price rise, the government has decided to hike the minimum wages to Rs 100 from existing Rs 80 per day. “The decision to hike minimum wages to Rs 100 per day would be implemented with retrospective effect from November 1, 2009,” a Labour Ministry source told.
“The national floor labour minimum wage has been revised from November 1 on the basis of ensuing consumer price index,” the source said.

Consequently, the Ministry has asked states and Union Territories to “fix and revise minimum rates of wages” so as to ensure that in none of the scheduled employment, the minimum wages are less than Rs 100 per day, the source said.

The move comes in the backdrop of growing demand from the working class to review the wage which was last revised in 2007 from Rs 56 to Rs 80. Several trade unions had made representations demanding a hike in minimum wage.

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Category : Corporate Law (3920)
Type : News (13625)
Tags : Government Policy (1973)

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