Adjustment of Minimum Wage rates wef 1/3/2023 in the State of Punjab
Contents News/Article Date: 18th April 2023
Relating to which Act: The Minimum Wages Act 1948
Penalty under the Act: (a) Pays to any employee less than the minimum rates of wages fixed for that employee’s class of work, or less than the amount due to him under the provisions of this Act or
(b) Contravenes any rule or order made under section 13 shall be punishable with imprisonment for a term which may extend to six months or with or with fine which may extend to five hundred rupees, or with both
Applicable to which State: Punjab
Type: Labour Commissioner, Punjab Notification No. ST/4313 dated 18/4/2023 10/4/2023
Pertains to: Employees employed in scheduled employments
Relevance of this news: Karma Global is in the business of HR Services, Payroll, Outsourcing and Regulatory Compliances right from its inception in 2004 and since then, has brought in a lot of efficiencies and technological upgradations with experts on its roll, to ease the hassles of Payroll Processing, Temp Staffing, On-boarding, Employee Life Cycle, Statutory, Regulatory and Payroll compliances by providing customized solutions to all its elite clients.
Karma Global has a system to regularly track announcement of minimum wages declared and also consumer price index and in this respect, Karma Global will inform all its clients accordingly so that this knowledge information is known to all of them
And in this instance: The minimum rates of wages for unskilled workers and for other categories of workers in respect of scheduled employments have been linked with consumer price index numbers compiled by Labour Bureau, Government of India.
In view of this, minimum rates of wages have been fixed with average CPI base index ending August 2013. The average CPI number for 6 months ending August 2013 is 227. Now a new series of consumer price index for industrial workers has been adopted by the Labour Bureau.
After linking the new series of CPI (IW) (Base 2016 = 100) to the old series of CPI (IW) (Base 2001 = 100) the average CPI Number for 6 months from September 2022 to February 2023 is 376.19. Thus the minimum rates of wages for unskilled workers are Rs.10353.77 wef 1/3/2023. The details of adjusted minimum rates of wages in these scheduled employments are given in the tables.
Subject: Adjustment of minimum wage rates wef 1/3/2023 in the State of Punjab