Intentar ORO - Gratis
National minimum wage unchanged for eight years
Financial Express Lucknow
|October 17, 2025
Labour experts say millions hit as wages aren't hiked to at least factor in inflation
THE NONBINDING NATIONAL Floor Level Minimum Wage (NFLMW) has remained unchanged since 2017, a situation that could worsen the income crisis among vast sections of population, mainly daily-wage workers.
Proper and timely revision of NFLMW by the Centre, typically conducted once every two years and factoring in the rise in the consumer price index for industrial workers (CPI-IW), would have enabled millions of workers in sectors like plantations and services to benefit from the economy's buoyancy and escape poverty, provided states has followed the norm.
Since it has only persuasive value, the Centre can only request the states and union territories to fix and revise the minimum wages for all scheduled employments in their respective domains, ensuring they are not below the NFLMW.
“The NDA government has taken credit for having passed the Wage Code in August 2019. In fact, none of the four labour codes has been implemented. Minimum wage is the bare minimum a worker should get. If it is not revised periodically, labour welfare will be seriously affected. It is time for the NDA government to implement the Wage Code and establish a statutory national floor-level minimum wage, which will benefit millions of workers,” said labour economist K R Shyam Sundar.
Barring a couple of states, most of the states keep mini-
INCOME DISPARITY
Esta historia es de la edición October 17, 2025 de Financial Express Lucknow.
Suscríbete a Magzter GOLD para acceder a miles de historias premium seleccionadas y a más de 9000 revistas y periódicos.
¿Ya eres suscriptor? Iniciar sesión
MÁS HISTORIAS DE Financial Express Lucknow
Financial Express Lucknow
Why Milan over Delhi
INDIAN TWO-WHEELER MAKERS ARE ACCELERATING TOWARDS EICMA — THE WORLD’S BIGGEST SHOW
2 mins
November 03, 2025
Financial Express Lucknow
Startups eye SE Asia as next growth hub
OTHERS ARE FOLLOWING suit.
1 mins
November 03, 2025
Financial Express Lucknow
‘Seeing strong demand for debt financing as startups eye profitability’
Global banking major HSBC is deepening its play in India’s startup ecosystem with afresh $1-billion lending allocation, targeting founders who seek runway extension without equity dilution.
2 mins
November 03, 2025
Financial Express Lucknow
VC fundraising slows as investors...
EVEN SO, THE lower fundraising totals do not signal fading interest in India.
1 min
November 03, 2025
Financial Express Lucknow
Weeks with the Fronx
IS MARUTI SUZUKI’S SUV CROSSOVER WORTH THE PREMIUM PRICE TAG?
1 mins
November 03, 2025
Financial Express Lucknow
Rivals race ahead as Honda loses grip on scooter market
AFTER MAINTAINING AN iron grip on the scooter market with its bestseller Activa for over two decades, Japanese heavyweight Honda has struggled to keep pacewith the growthin thesegment, resulting in a sharp decline in its market share over the past few years.
1 mins
November 03, 2025
Financial Express Lucknow
Existing lenders may join SP Group’s $2.5-bn raise
SOME OF THE global funds which participated in Shapoorji Pallonji (SP) Group’s last round of borrowing may join in once more as the conglomerate gears up for another major fundraising exercise.
2 mins
November 03, 2025
Financial Express Lucknow
Isro launches ‘CMS-03’, heaviest satellite into orbit
IN YETANOTHER demonstration of its steadily improving capabilities, ISRO Sunday launched a powerful communication satellite CMS-03, the heaviest to be carried by any Indian rocket so far. The 4,410kg satellite will primarily serve the purposes of the Indian Navy, augmenting its spacebased communications and maritime domain awareness capabilities.
1 mins
November 03, 2025
Financial Express Lucknow
Economists back CPI housing revamp
THE PROPOSED CHANGES in the Housing Index compilation methodology, including coverage of rural areas and exclusion of employer provided dwellings, will remove statistical distortions and discrepancies in the housing sector, economists said.
1 min
November 03, 2025
Financial Express Lucknow
Big Tech testing investors with AI spending surge
THE LARGESTTECHNOLOGY companies are betting on an AI future powered by gigantic data centres filled with humming servers.
2 mins
November 03, 2025
Listen
Translate
Change font size
