India marginally hikes minimum wages for informal sector workers
- In Reports
- 10:49 PM, Sep 26, 2024
- Myind Staff
Starting from October 1, India will implement a marginal increase in the minimum wages for workers employed in informal sectors, including construction, mining, and agriculture, according to an official government statement released on Thursday.
“This adjustment is aimed at helping workers cope with the rising cost of living,” the statement said, referring to the 2.40-point rise in the consumer price index, opening a new tab (CPI) for industrial workers.
Following the wage hike, unskilled workers in the highest band will receive a daily minimum wage of 783 rupees ($9.36), while semi-skilled workers will earn 868 rupees, and highly skilled workers 1,035 rupees. These wage revisions are carried out twice annually, aligned with inflation, and are based on the six-month average rise in the Consumer Price Index (CPI) for industrial workers.
The minimum wages are revised twice annually, based on inflation and the six-month average increase in the Consumer Price Index (CPI) for industrial workers. Earlier this week, thousands of workers across the country staged protests, calling for higher wages and demanding the repeal of the four labour codes, which they argue disproportionately favour multinational corporations.
The Central Government adjusts the Variable Dearness Allowance (VDA) twice a year, with revisions taking effect on April 1 and October 1, based on the six-month average increase in the Consumer Price Index (CPI) for industrial workers.
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