Jaitley terms minimum wage hike of unskilled non-agricultural workers as 'historic'
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.
Historic hike in minimum wages for unskilled non-agricultural workers to ₹350/day is a step forward in #TransformingIndia & labour reforms.
— Arun Jaitley (@arunjaitley) August 31, 2016
Govt.'s decision to pay Bonus for the years 2014-15 & 2015-16 on revised norms reiterates its commitment to work for the benefit of workers
— Arun Jaitley (@arunjaitley) August 31, 2016
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_251372_300x172.jpg)
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