CURRENT AFFAIRS

Detailed explanation-1: -For instance the Delhi government announced a wage hike from Rs 16, 506 to Rs 16, 792 for unskilled workers, Rs 18, 187 to Rs 18, 499 for semi-skilled workers, and Rs 20, 019 to Rs 20, 357 for skilled workers starting from October 1, 2022.

Detailed explanation-2: -India offers the most competitive labor costs in Asia, with the national-level minimum wage at around INR 178 (US$2.16) per day, which works out to INR 5340 (approx.US$65) per month. This number is a floor-level wage – and the wage rate will vary depending on geographical areas and other criteria.

Detailed explanation-3: -In the long-term, the India National Floor Level Minimum Wage is projected to trend around 185.00 INR/Day in 2023 and 190.00 INR/Day in 2024, according to our econometric models. In India, National Floor Level Minimum Wage (NFLMW) is the minimum wage below which no state government can fix the minimum wage.

Detailed explanation-4: -wages to some extent. scheduled employments to be at least at par with National Floor Level Minimum wage of Rs. 137l-per day as at present. what they actually do is in keeping with their respective paying capacity.