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Jaitley terms minimum wage hike of unskilled non-agricultural workers as 'historic'

News Agencies | Updated on: 31 August 2016, 17:45 IST

Finance Minister Arun Jaitley on 31 August, said the "historic hike" in minimum wages to Rs 350/day is a step forward in transforming India and labour reforms.

To appease trade unions, the government 30 August announced a 42 % increase in the minimum wages for unskilled non-agricultural workers to Rs 350 per day from the current Rs 246.

Also, the government employees will be paid a wage bonus as per revised norms, for 2014-15 and 2015-16, a move that will entail a payout of Rs 1,920 crore.

"Historic hike in minimum wages for unskilled non-agricultural workers to Rs 350/day is a step forward in transforming India and labour reforms," Jaitley tweeted.

The decision to pay bonus for years 2014-15 and 2015-16 on revised norms reiterates government's "commitment to work for the benefit of workers".

Trade unions, which are demanding a minimum monthly wage of Rs 18,000 per month or Rs 692 a day and base pension of Rs 3,000 a month have, however, said they would go ahead with the day-long strike on 2 September.

The strike call is being supported by almost all major labour unions except RSS-affiliated BMS, and may impact banking and insurance services, power supplies and coal mining.

--PTI

First published: 31 August 2016, 17:45 IST
 
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