New Delhi: The Union Cabinet in its meeting on Thursday is set to consider ?a labour ministry proposal for making revision of national floor level minimum wages (NFLMW) every five years a statutory exercise by amending the Minimum Wages Act 1948.
The move, if it comes about, would force 16 states to raise their minimum wage and benefit lakhs in the unorganised sector. ?Sources confided that the Cabinet note also seeks to enhance fine and prison term for violation of the law. Once that is done, the wage would be revised every five years to offset inflation.
However, the proposal has been in the pipeline for some years now and the timing of its consideration and possible approval by the Cabinet is interesting given the fact that trade unions are up in arms against the government.
One of their demands is that minimum monthly wage should not be less than Rs 10,000 per month. At present, minimum wages are less than Rs 115 a day in 16 states and vary widely across states. Many states have a poor track record when it comes to revising minimum wages.
Source: http://www.mynews.in/News/union_cabinet_set_to_decide_on_revising_minimum_wage_N542388.html
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