Wednesday 31 August 2016

Centre hikes minimum wages and bonus, trade unions not impressed

Union Finance Minister, Arun Jaitley
The Centre on Tuesday increased the minimum wages and bonus for its employees to pacify trade unions that have called a nationwide strike on Friday.
The Minimum Wage Advisory Board on Tuesday announced a hike in the lowest wage for unskilled central government workers to Rs 350 a day from Rs 246. The increase will also be effective for central public sector undertakings.
“The government has effected a 43 per cent increase in the minimum wage. This was a major demand of the trade unions,” Union Labour Minister Bandaru Dattatreya (pictured) said.
Dattatreya has held meetings with trade unions over their charter of demands. The issues have been taken up by an inter-ministerial committee headed by Finance Minister Arun Jaitley.
“The bonus entitlements for 2014-15 and 2015-16 will be released on revised norms. This was pending for two years. After this, the bonus will be covered under the  read more..

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