National Floor Level Minimum Wage (NFLMU) has been revised upwards from existing Rs. 137/- to Rs. 160/-per day w.e.f. 01.07.2015. In a letter written to all the Chief Ministers and LGs today, Shri Bandaru Dattatraya, the Minister of State(IC) for Labour and Employment has urged to take necessary steps for fixation/revision of the minimum rates of wages in respect of all scheduled employments in State/UT not below the NFLMW of Rs. 160/- per day w.e.f. 01.07.2015. The Minister has also emphasized to ensure implementation of various provisions of the Minimum Wages Act, 1948 so that the objective of ensuring Minimum Wages to workers is fulfilled.
While reviewing the movement of CPI-IW during April 2014 to March 2015 over the period April 2012 to March 2013, it was observed that the average CPI-IW has risen from 215.17 to 250.83, he said. Accordingly, the NFLMW has been revised upwards from existing Rs. 137/- to Rs. 160/-per day w.e.f. 01.07.2015.
In order to have a uniform wage structure and to reduce the disparity in minimum wages across the country, National Floor Level Minimum Wage (NFLMU) is fixed which also requires to be revised from time to time on the basis of rise in Consumer Price Index for Industrial Workers (CPI-IW). The NFLMU was last revised from Rs. 115/- to Rs. 137/- per day with effect from 01.07.2013.
Courtesy:pib.nic.in
While reviewing the movement of CPI-IW during April 2014 to March 2015 over the period April 2012 to March 2013, it was observed that the average CPI-IW has risen from 215.17 to 250.83, he said. Accordingly, the NFLMW has been revised upwards from existing Rs. 137/- to Rs. 160/-per day w.e.f. 01.07.2015.
In order to have a uniform wage structure and to reduce the disparity in minimum wages across the country, National Floor Level Minimum Wage (NFLMU) is fixed which also requires to be revised from time to time on the basis of rise in Consumer Price Index for Industrial Workers (CPI-IW). The NFLMU was last revised from Rs. 115/- to Rs. 137/- per day with effect from 01.07.2013.
Courtesy:pib.nic.in
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