Minimum Wage Rate: Ahead of Diwali 2024, the central government, led by Prime Minister Narendra Modi, has given a major boost to workers across India. The government has announced a hike in minimum wage rates. This will raise the minimum wage to ₹1,035 per day. The decision comes at a time when living costs are rising rapidly. It will bring much-needed relief to workers and their families.
This wage increase is expected to help millions of workers. It will ensure that they earn a fair wage for their hard work. The move also shows the government’s commitment to supporting the workforce, especially during festivals like Diwali.
PM Modi’s Diwali Gift – Hike in Daily Wage Rates
On Thursday, the Modi government announced a major revision of minimum wage rates across different sectors. The Ministry of Labour shared that this wage increase aims to reduce the financial burden on workers due to rising inflation. This daily wage rate hike is the second revision this year, following an earlier update in April 2024.
The new minimum wage rates are set to take effect from October 1, 2024, and workers will be entitled to receive retroactive benefits starting from April 2024.
Breakdown of the New Minimum Wage Rates
The revision impacts workers in different categories, with varying wage rates based on their skill levels:
- Unskilled Workers: This group includes laborers involved in construction, cleaning, and similar jobs. Under the new wage structure, unskilled workers in Sector A will now receive ₹783 per day, translating to ₹20,358 per month.
- Semi-Skilled Workers: Workers classified as semi-skilled, often performing more technical tasks, will now earn ₹868 per day, or ₹22,568 per month.
- Skilled Workers: Clerks, technicians, and unarmed guards, falling under the skilled worker category, will see their minimum wage rate rise to ₹954 per day, bringing their monthly earnings to ₹24,804.
- Highly Skilled Workers: For those with more advanced skills, the daily wage rate has been raised to ₹1,035 per day, meaning they will now earn ₹26,910 per month.
Central Government’s Efforts to Support Workers
The Ministry of Labour highlighted that this wage hike is part of a larger effort by the central government to help workers, especially those in the unorganized sector, who are most affected by rising living costs. The increase in minimum wages aims to ensure that workers receive fair pay.
This step by PM Modi’s government is viewed as a Diwali gift to workers, bringing them financial relief and stability. It makes the festive season brighter by improving their living standards and offering much-needed support during tough economic times.
Workers nationwide will now be in a better position to manage their expenses thanks to the increase in the minimum wage, especially given the rising costs of goods. The Modi government’s action is just another example of its dedication to the well-being of India’s labour force.
What This Means for Workers
The increase in minimum wage rates is an important step to help workers, especially those in daily wage jobs, maintain a decent standard of living. With the VDA revision now in effect, workers can look forward to better financial security, just in time for Diwali.
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