Tuesday, December 30, 2014

Minimum monthly wages could go up to Rs 15,000

Government in the new year is planing for a great gift . The government planing  is to have national monthly salary of Rs 15,000 in formal and informal sectors is considered a
45 economic activities  under the Minimum Wages Act of 1948  included in the Act. Then the Act was implemented in the states. Under this  Act  1600 may include economic activities.

Government is likely to amend Minimum Wages Act, 1948, and  is too soon to call a meeting of the States. The meeting will be asked for the opinion of all the states. This issue has already been a  ministry committee is already working. This initiative is a consensus on the central government to the states to decide the value of the minimum wage for workers.

If this step is successful, the government under the National Minimum Wage Act, the minimum wage in the formal and informal sectors will be Rs 15,000 employees (more than double) . Currently The minimum salary is just Rs 4645.