The Central Government increasing the minimum wage, effective from October 1:
- Effective Date: The new minimum wage rates will come into effect from October 1, 2024.
- Revision Details: The increase is a result of the revision in the Variable Dearness Allowance (VDA), aimed at helping workers cope with the rising cost of living.
- Beneficiaries: Workers in various sectors, including construction, loading and unloading, watch and ward, sweeping, cleaning, housekeeping, mining, and agriculture, will benefit from the revised wage rates.
- Skill-Based Categorization: The minimum wage rates are categorized based on skill levels—unskilled, semi-skilled, skilled, and highly skilled.
- Geographical Classification: The wages are also classified by geographical areas—A, B, and C.
- New Wage Rates:
- Area A:
- Unskilled: ₹783/day (₹20,358/month)
- Semi-skilled: ₹868/day (₹22,568/month)
- Skilled: ₹954/day (₹24,804/month)
- Highly skilled: ₹1,035/day (₹26,910/month).
- Area A:
- Frequency of Revision: The Central Government revises the VDA twice a year, effective from April 1 and October 1, based on the six-month average increase in the Consumer Price Index for industrial workers.
- Previous Revision: The last revision was done in April 2024.
- Support for Unorganized Sector: This adjustment is particularly aimed at supporting workers in the unorganized sector, ensuring fair compensation amidst rising living costs.
- Government’s Commitment: This move underscores the government’s commitment to supporting workers and ensuring they receive fair wages in light of inflation.
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