-The Hindu States that increase minimum wage will have to bear extra cost from their own resources A committee set up by the Ministry of Rural Development to revise wages under the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) has offered suggestions that are likely to iron out long-standing issues relating to disparity in earnings under the scheme. Currently, MGNREGA wages are lower than the minimum wages in several States, including in...
More »SEARCH RESULT
Total Matching Records found : 96
Nomura says slowing rural wages should bring inflation down
-PTI MUMBAI: Japanese brokerage Nomura today said with real rural wages moderating, both rural demand and inflationary pressures will moderate in the medium-term, giving the much-needed room to the Reserve Bank to lower interest rates. "Though rural wages continue to rise, the pace of growth is moderating. Growth in the average daily wage rate for agricultural labourers dipped to 13.1 per cent in August year- on-year, which is significantly slower than 18.5...
More »Government working on new index to fix rural wages -Dilasha Seth & Yogima Seth Sharma
-The Economic Times NEW DELHI: The government is working on a new index based on the consumption pattern of rural landless labour to fix wages under the Mahatma Gandhi National Rural Employment Guarantee Act, a move that is set to result in slower annual wage hike increases under the government's flagship social welfare programme. Rural wages under MGNREGA are at present based on the consumer price index for agricultural labourers (CPI-AL), which...
More »'Link auto, taxi fare with inflation index' -Sanjeeb Mukherjee
-The Business Standard Officials in the know said that the commission is of the opinion that auto and taxi fares in the capital should be increased rationally Auto and taxi fares in Delhi could soon be linked to fuel price changes, inflation index and the cost of maintenance, if the Delhi government accepts a proposal floated by the Planning Commission. Officials in the know said that the Commission is of the opinion that...
More »Bihar in reverse gear-Jitendra
-Down to Earth State plans to bring down its minimum wage rate to that under MGNREGA TO reduce the burden of the state exchequer by Rs 600 crore, Bihar has decided to reduce its minimum wage rate offered to unskilled labourers, and make it on a par with the rate offered under the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA). This is despite the Supreme Court’s ruling, in many cases, that...
More »
