₹375 minimum wage plan junked as govt opts for ₹2 hike
Live MintNew Delhi: The Union cabinet has approved the Wage Code Bill, which raised the national minimum wage by ₹2 to ₹178 per day, despite an internal labour ministry committee recommending a much higher amount of ₹375. The mandatory national minimum wage will not be fixed as per the labour ministry’s expert committee report on minimum wage, two government officials said, requesting anonymity. The labour ministry panel had said in its report in January that “the single value of the national minimum wage for India should be set at ₹375 per day as of July 2018”. “A simple, coherent and enforceable minimum wage should be designed with the aid of technology as minimum wages push wages up and reduce wage inequality without significantly affecting employment.” While workers’ unions have been talking about better wages and supporting a national mandatory wage floor, industry bodies have expressed their reservations.