Increase in Base Rate is also under consideration: Labour Minister
Punjab Newsline, Chandigarh, March 21-
A proposal to increase the minimum wages in Punjab is under consideration of the Labour Department. This information was provided by Punjab's Labour Minister, Tarunpreet Singh Sond, while responding to a question during the Punjab Vidhan Sabha session today.
Responding to a question by MLA Kulwant Singh regarding whether there is any proposal under consideration of the government to increase the minimum wages in Punjab in view of the continuously rising inflation, Tarunpreet Singh Sond confirmed that such a proposal is indeed under consideration.
He explained that minimum wages are increased in two ways. One way is that the adjustment of minimum wages is done twice a year from March 1 and September 1, according to the increase/ decrease in the Consumer Price Index. Accordingly, the last increment/revision was on 1.9.2024 and the next increment/revision will be from 1.3.2025, which will be done in a few days, the Minister added.