India has announced a slight increase in minimum wage rates for informal sector workers, effective from October 1, 2024. The rise is aimed at providing financial relief to workers in sectors like construction, mining, and agriculture.
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- Wage hike begins on October 1, 2024.
- Applicable to unorganised sector workers like construction, mining, agriculture.
- Minimum wage rates revised across skill levels: unskilled, semi-skilled, skilled, and highly skilled.
- Workers in “Area A” to receive ₹783 per day for unskilled, ₹868 for semi-skilled, ₹954 for skilled.
- Highly skilled workers to earn ₹1,035 per day in “Area A.”
- Wages vary by geographical zones: Areas A, B, and C.
- Central Government revises wages biannually in April and October.
- Hike based on Consumer Price Index for industrial workers.
- Last wage revision was in April 2024.
- Ministry of Labour and Employment announced the changes.
