- Cab. proposes increasing the same to Rs. 30k from next yr.
- P’ment to consider min. wage amendments in May
The Cabinet of Ministers has granted approval to a proposal to increase the monthly minimum wage of private sector employees from Rs. 17,500 to Rs. 27,000 with effect from 1 April.
The Cabinet paper in this regard has been presented by the Minister of Labour. According to the Cabinet paper, the daily minimum wage of private sector employees will be increased from Rs. 700 to Rs. 1,080. Furthermore, the Cabinet paper has proposed to increase the monthly minimum wage of private sector employees to Rs. 30,000 from Rs. 27,000 with effect from 1 January of next year (2026).
The daily minimum wage of private sector employees will rise to Rs. 1,200 from Rs. 1,080. According to the Labour Ministry, the proposed amendments will be submitted to the Parliament next month. The ministry also noted that the wage increase is in line with the Budget proposal for this year.