Minimum wage rates increased from October 1, 2024 as Variable Dearness Allowance revised; check new wage rates
Variable Dearness Allowance (VDA), resulting in a substantial increase in minimum wage rates for workers in the unorganised sector. The increased wage rate will be effective from October 1, 2024. Who will benefit from this move? How much will your minimum wage increase? Read on to find out.
Minimum wage rate hiked from October 1, 2024: Who will benefit?
In a press release dated September 26, 2024, the Ministry of Labour and Employment said, «Workers engaged in various sectors, including building construction, loading and unloading, watch and ward, sweeping, cleaning, housekeeping, mining, and agriculture within central sphere establishments, will benefit from the revised wage rates.»
The minimum wage rates are categorised based on skill levels—unskilled, semi-skilled, skilled, and highly skilled—as well as by geographical area — A, B, and C, the ministry mentioned.
The central government typically revises the VDA twice a year, effective from April 1 and October 1, based on the six-month average increase in the Consumer Price Index for industrial workers.
Minimum wages for construction and maintenance workers with effect from October 1, 2024
The revised minimum wage will be applicable to those who are in construction or maintenance of roads or runways or in building operations including laying down underground electric, wireless, radio, television, telephone, telegraph and overseas communication cables and similar other underground cabling work, electric lines, water supply lines and sewerage pipe lines.
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