Govt in increase minimum wages to boost demand of goods & services: Labour Secy
Updated: Nov 26, 2015 02:31:26pm
New Delhi, Nov 26 (KNN) Government is all set to increase the wages under the Minimum Wage Act with the view to boost the demand of goods and services by aligning their wages with inflation, said Labour Secretary Shankar Aggarwal.
"We will create a law to give certain minimum wages across the country in all trades and not only in scheduled employments (as per existing law)," Aggarwal said while addressing at a conference organised by CII here.
He further said, "We will increase the wages under Minimum Wage Act so that workers have decent wages aligned with inflation and have some money to buy goods and services."
"For creating jobs, we need to create demand for goods and services. But it would happen only when there is money in the pocket of buyers," he said.
Trade unions have been demanding for a minimum wage of Rs 15,000 per month across the board which should be applicable in the entire country.
Speaking at the same event, International Labour Organisation Director (India) Panudda Boonpala said labour law reforms is a huge and complex task.
She added dialogue as well as collective bargaining is the way out for going ahead with massive labour law reforms. (KNN Bureau)
"We will create a law to give certain minimum wages across the country in all trades and not only in scheduled employments (as per existing law)," Aggarwal said while addressing at a conference organised by CII here.
He further said, "We will increase the wages under Minimum Wage Act so that workers have decent wages aligned with inflation and have some money to buy goods and services."
"For creating jobs, we need to create demand for goods and services. But it would happen only when there is money in the pocket of buyers," he said.
Trade unions have been demanding for a minimum wage of Rs 15,000 per month across the board which should be applicable in the entire country.
Speaking at the same event, International Labour Organisation Director (India) Panudda Boonpala said labour law reforms is a huge and complex task.
She added dialogue as well as collective bargaining is the way out for going ahead with massive labour law reforms. (KNN Bureau)
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