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Economy and Finance Current Affairs

  • 16-Feb-2019
  • Expert Committee Recommends Rs 9,750 Monthly National Minimum Wage

    The Expert Committee led by Anoop Satpathy, Fellow of V. V. Giri National Labour Institute (VVGNLI), submitted its report on “Determining the Methodology for Fixation of the National Minimum Wage” to the Government.
    It recommended the fixation of need-based National Minimum Wage (NMW) for India at Rs 375 per day or Rs 9,750 per month irrespective of sectors, skills, occupations and rural-urban locations for a family comprising of 3.6 consumption units. The Present NMW is Rs. 4,576.
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