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Govt Hikes Minimum Wages with VDA Revision, Effective from Oct 1

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GG News Bureau
New Delhi, 27th Sept. The government on Thursday announced an increase in minimum wage rates by revising the Variable Dearness Allowance (VDA) to help workers cope with rising living costs. This revision will benefit workers in various sectors, particularly those in the unorganised sector, including construction, loading, cleaning, mining, and agriculture.

Effective from October 1, the new rates will vary by skill level (unskilled, semi-skilled, skilled, highly skilled) and geographic areas (A, B, and C).

For workers in Area A, unskilled labourers will earn ₹783 per day, while highly skilled workers will receive ₹1,035 per day. This is the second revision of the year, with the last update in April.

The Ministry of Labour and Employment revises VDA twice a year based on the Consumer Price Index for industrial workers (CPI-IW). Retail inflation for industrial workers moderated to 2.15% in July 2024, down from 7.54% in July 2023, signaling a steady decline in CPI-IW since February. The all-India CPI-IW for July 2024 rose to 142.7 from 141.4 in June.

The post Govt Hikes Minimum Wages with VDA Revision, Effective from Oct 1 appeared first on Global Governance News- Asia's First Bilingual News portal for Global News and Updates.



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