Govt enhances National Floor Level Minimum Wage to Rs 160 w.e.f July 1
Updated: Jul 07, 2015 02:43:48pm
New Delhi, July 7 (KNN) Government has enhanced the National Floor Level Minimum Wage from Rs 137 To Rs 160 per day with effect from July 1, 2015.
“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,” Ministry of Labour and Employment said in a release.
In a letter written to all the Chief Ministers and LGs today, 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.
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 with effect from current month.
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). (KNN Bureau)
“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,” Ministry of Labour and Employment said in a release.
In a letter written to all the Chief Ministers and LGs today, 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.
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 with effect from current month.
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). (KNN Bureau)
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