Saturday, 25 February 2017

AAP govt approves around 37% hike in minimum wages

As per the Cabinet's decision, the minimum wages for unskilled persons will be Rs 13,350 per month against the existing Rs 9,724 per month. For semi-skilled and skilled persons, it will increase from Rs 10,764 to Rs 14,698 and from Rs 11,830 to Rs 16,182 per month respectively. 

After increase in ESI Eligibility Limit from Rs. 15,000/- to Rs. 21,000/-, Now about 37% increase in minimum wages by Delhi Govt - Good News for Junior Salaried People but tough time for Industry, as direct cost and cash flow both will get hit. 

Link : http://economictimes.indiatimes.com/news/politics-and-nation/aap-govt-approves-around-37-hike-in-minimum-wages/articleshow/57344818.cms

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