Hr Library

Minimum wages may be hiked before polls, HR News, ETHRWorld


hr.economictimes.indiatimes.com | www.ETHRWorld.com

<p>"The report is by and large ready and the committee is expected to submit it soon after one final round of meeting," a person aware of the deliberations told ET, requesting not to be identified</p>
“The report is by and large ready and the committee is expected to submit it soon after one final round of meeting,” a person aware of the deliberations told ET, requesting not to be identified

The central government could fix a higher mandatory minimum wage rate applicable across the country ahead of the general elections, adopting recommendations of a high-level expert panel looking into the matter, officials said.

An expert committee headed by SP Mukherjee, set up in 2021 for a period of three years till June 2024, is expected to submit its report soon, and the new floor wage could be notified ahead of the elections likely to be held during April-May, officials said.

“The report is by and large ready and the committee is expected to submit it soon after one final round of meeting,” a person aware of the deliberations told ET, requesting not to be identified.

There are nearly 500 million workers in the country and 90% of them are in the unorganised sector. The floor wage, currently at ₹176 per day, was last revised in 2017 and is not statutory for states. It is felt that a significant revision is overdue, to factor in increase in the cost of living and inflation, and the new minimum wage would be mandatory across states as the Code on Wages, 2019, empowers the central government to fix the floor wage, taking into account minimum living standards of a worker, officials said.

A committee headed by Anoop Satpathy had…


Click Here to Read more /Source link

Show More

Related Articles

Back to top button