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LATEST NEWS UPDATES | Centre to revise wage computation for rural, agricultural workers -AM Jigeesh

Centre to revise wage computation for rural, agricultural workers -AM Jigeesh

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published Published on Oct 28, 2021   modified Modified on Nov 8, 2021

-The Hindu Business Line

Labour Ministry has decided to change the base year of the Consumer Price Index for agriculture and rural workers

Union Labour Ministry has decided to revise the wage calculation for India’s workforce. The Ministry, in its latest computations, has decided to change the base year of the Consumer Price Index for Agriculture Labourers and Rural Workers (CPI-AL&RW) to 2019. At present, the base year is 1986-87.

According to a senior Labour Ministry official, the decision will help workers as their wages will likely increase.

The MGNREGA wages may also be revised based on the new base year.

The Centre had earlier revised the base year for Consumer Price Index (Industrial Workers) from 2001 to 2016. The Ministry has also decided to change the base year for Wage Rate Index from 1963 to 2016 so that the floor minimum wages for workers in various segments can be recalculated. The Rural Development Ministry is learnt to have been urging the Union Labour Ministry to change the base year.

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The Hindu Business Line, 28 October, 2021, https://www.thehindubusinessline.com/economy/centre-to-revise-wage-computation-for-rural-agricultural-workers/article37220056.ece


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