Prøve GULL - Gratis
National minimum wage unchanged for eight years
Financial Express Kochi
|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
Denne historien er fra October 17, 2025-utgaven av Financial Express Kochi.
Abonner på Magzter GOLD for å få tilgang til tusenvis av kuraterte premiumhistorier og over 9000 magasiner og aviser.
Allerede abonnent? Logg på
FLERE HISTORIER FRA Financial Express Kochi
Financial Express Kochi
IPO-bound Meesho looks at ₹53,000-crore valuation
E-COMMERCE PLATFORM MEESHO, which plans to launch its initial public offering in the first half of December, is seeking a valuation of about ₹53,000 crore ($6 billion), according to people familiar with the matter.
1 min
November 22, 2025
Financial Express Kochi
Seizing opportunities
There are openings on agri with US and pharma with China
3 mins
November 22, 2025
Financial Express Kochi
Groww Q2 profit rises 12%
BILLIONBRAINS GARAGE VENTURES Limited, the parent company of discount broker Groww, reported a 12% year-on-year increase in its profit after tax (PAT) for the quarter ended September 30, 2025, to ₹471.3 crore.
1 min
November 22, 2025
Financial Express Kochi
Bengal sees sharpest rise in registered voters in border areas since 2002 SIR
BETWEEN 2002, WHEN the Special Intensive Review (SIR) was last conducted by the Election Commission of India, and 2025, West Bengal has seen a 66% increase in the number of registered voters — from 45.8 million to 76.3 million.
2 mins
November 22, 2025
Financial Express Kochi
Zelenskyy for ‘honest’ work on US-backed plan
PRESIDENT VOLODYMYR ZELENSKYY said after talks with a top US Army official on Thursday he was ready for “honest” work with Washington on a plan to end the war in Ukraine, while European allies pushed back against punishing concessions to Russia.
2 mins
November 22, 2025
Financial Express Kochi
Need to revisit insurance investment rules: Khara
INSURANCE REGULATIONS GOVERNING how companies invest in the bond market may need a review, Dinesh Kumar Khara
1 min
November 22, 2025
Financial Express Kochi
Pilot dies as Tejas fighter jet crashes at Dubai air show
THE PILOT OF a Tejas fighter jet of the Indian Air Force was killed on Friday after the indigenous multi-role Light Combat Aircraft crashed in a ball of fire during an aerial display at the Dubai Air Show.
3 mins
November 22, 2025
Financial Express Kochi
Board of Kotak Bank okays 1:5 stock split
KOTAK MAHINDRA BANK announced on Friday that its board has approved a proposal to split its shares in the ratio of 1:5.
1 min
November 22, 2025
Financial Express Kochi
Porsche's new spark: Cayenne goes electric
PORSCHE'S BIGGEST car has gone electric. This week, the German carmaker unveiled the Cayenne Electric, a technological masterpiece that launches the iconic SUV into an electric future. The launch is a big step in Porsche’s rapid transformation towards electrification (36% of the cars it sells are electrified).
1 min
November 22, 2025
Financial Express Kochi
Centre to release new GDP series on February 27
THE MINISTRY OF Statistics and Programme Implementation will release a new series of national accounts with FY23 as the base year on February 27.
1 min
November 22, 2025
Listen
Translate
Change font size

