CENTRAL GOVERNMENT INCREASES MINIMUM WAGE RATES FOR WORKERS2ND WAGE ENHANCEMENT IN 2024 BASED ON FLUCTUATION IN THE CONSUMER PRICE INDEX
CENTRAL GOVERNMENT INCREASES MINIMUM WAGE RATES FOR WORKERS 2ND WAGE ENHANCEMENT IN 2024 BASED ON FLUCTUATION IN THE CONSUMER PRICE INDEX Sri Vijaya Puram, Sept 30: report by ROHIT The central government has announced an increase in minimum wage rates through a revision of the Variable Dearness Allowance (VDA). This revision is intended to help workers, particularly those in the unorganized sector, better manage the rising cost of living. This will be effective from October 1, 2024. The revised wages will benefit workers across various sectors, including building construction, loading and unloading, watch and ward, sweeping, cleaning, housekeeping, mining, and agriculture. These sectors are categorized under central sphere establishments. The minimum wage rates are structured according to skill levels — unskilled, semi-skilled, skilled, and highly skilled — and are further differentiated by geographical regions categorised as areas A, B, and C. Under the new revision f...