Adjustment of minimum rates wef 1/3/2021, 1/9/2021, 1/3/2022, and 1/9/2022 in the State of Punjab
Contents News/Article Date: 11th October 2022
Relating to which Act: The Minimum Wages Act, 1948 ;
Type: Office of the Labour Commissioner, Punjab Notification No. ST / 10279
Pertains to: Employers and workers in respect of scheduled employment in Punjab
Relevance of this news: Karma Management Global Consulting Solutions Pvt. Ltd has been in the business of Payroll, Outsourcing, and Regulatory Compliances since its inception in 2004 since then, it has brought in a lot of efficiencies and technological upgradations with experts on its role, to ease the hassles of Payroll Processing, Temp Staffing, On-boarding Management, Regulatory and Payroll compliances by providing customized solutions to all its elite clients.
Karma Global has a system to regularly track the announcement of minimum wages declared and also the consumer price index announced from time to time and in this respect, Karma makes it a regular point to inform all its stakeholders ranging from business owners to vendors partners, contractors, SME clients, associates on the minimum wages and consumer price index in an explanatory manner understood by all.
Earlier the consumer price index was linked with the Center series (2001 = 100) compiled by the Labour Bureau, Government of India, and now there has been a change and the consumer price index is now linked with a new series for the consumer price index of industrial workers (Base 2016 = 100) adopted by the Labour Bureau.
Thus there is this adjustment now for the previous periods and the entire work is shown in the various tables of the notification attached in this relevant mail.
Subject: Adjustment of minimum rates wef 1/3/2021, 1/9/2021, 1/3/2022, and 1/9/2022 in the State of Punjab.
For greater details, attached is the notification
Adjustment of minimum rates wef 1/3/2021, 1/9/2021, 1/3/2022, and 1/9/2022 in the State of Punjab