Retail inflation for industrial workers declines to 6.16 per cent in June \
3 min read
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Retail inflation for industrial workers declines to 6.16 per cent in June

30-Jul-2022
New Delhi [India], July 30 (ANI): Retail inflation for industrial workers declined to 6.16 per cent in June 2022 as compared to 6.97 per cent in the previous month and 5.57 per cent recorded during the corresponding month last year, according to government data released on Saturday.
30-Jul-2022 Business
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Govt has taken satisfactory steps to increase employment rate Minister \
2 min read
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Govt has taken satisfactory steps to increase employment rate Minister

28-Mar-2022
New Delhi Mar 28 PTI Union Minister Bhupender Yadav on Monday told Lok Sabha that there has been an increase in the rate of employment as the government has taken satisfactory and proper steps for itAn increase in the employment rate as well as employment opportunities can be seen if the periodic labour force survey PLFS and another survey conducted by the Labour Bureau is matched with the employees provident fund organisation EPFO pay roll data the minister said while replying to a question in the House The Labour and Employment minister attributed the increase in the employment rate and opportunities to a number schemes and other programmes launched by the Union government under various ministries and departmentsVarious schemes and programmes are being run by the government under different ministries the minister said during Question HourHe listed some of these schemes including Make in India Atal Mission for Rejuvenation and Urban Transformation National Smart Cities Mission PM Awas Yojna PM Gati Shakti Swaccha Bharat AbhiyanIf we match these programmes PLFS labour bureau survey and EPFO pay roll then satisfactory and proper programmes have been done by the government he addedThe minister said PLFS surveys indicate that the unemployment rate is declining in the country and people are getting jobsThe labour ministry has also started carrying out survey in nine main sectors including manufacturing information technology education and hospitality and the survey outcomes show much increase in the rate of employment he said PTI PK PK TDS TDS
28-Mar-2022 National
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New Wage Rate Index series released base year revised to 2016 from 1963-65 \
4 min read
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New Wage Rate Index series released base year revised to 2016 from 1963-65

24-Nov-2021
New Delhi Nov 24 PTI Ministry of Labour on Wednesday released a new series of Wage Rate Index WRI with base year 2016 being compiled and maintained by the Labour Bureau an attached office of the ministry The new series of WRI with base 2016100 will replace the old series with base 1963-65 a labour ministry statement said The government periodically revises the base year for major economic indicators to reflect the changes in the economy and to capture the wage pattern of workers it said Thus as per the recommendations of International Labour Organization National Statistical Commission etc the base year of WRI numbers has been revised from 1963-65 to 2016 by the Labour Bureau to enhance the coverage and to make index more representative The new series of WRI has increased the scope and coverage in terms of number of industries sample size occupations under selected industries weightage of industries etc Professor S P Mukherjee and other members of the expert group on Minimum Wages National Floor Wages were of the opinion that this base revision of WRI will play a critical role in coming out with minimum wages and national floor wages along with other parameters which will be decided in due course of time by the expert group The new WRI series would be compiled twice a year on point-to-point half-yearly basis as on January 1 and July 1 of every year The weighting diagram in the new WRI series has been prepared from the results of the Occupational Wage Survey seventh round Total 37 industries have been covered in the new WRI basket as against 21 industries in the 1963-65 series The selected 37 industries in the new series are categorized as 30 industries from the manufacturing sector 4 industries from the mining sector and 3 industries from the plantation sector The earlier series had 14 industries from the manufacturing sector 4 from the mining sector and 3 from the plantation sector In the new WRI basket the current wage data has been collected from 2881 units under 37 selected industries as against 1256 units under 21 industries in the old series About 700 occupations have been covered under 37 selected industries in new series of WRI The weights used in WRI series in both series were the base year estimated employment figures in respective occupations in each selected industry The weighted average of the occupation level indices in an industry weights being the base year estimated total employment bill in each occupation gives WRI at the industry level Similarly the weighted average of the industrysector level indices weights being the base year estimated total employment bill in each industrysector gives the sectoralAll-India Index The sector level weights under the new series has changed in comparison to old series The weight of the manufacturing sector has increased substantially over time whereas the weight of the plantation sector and the mining sector has declined under the new series vis--vis the old one Total 16 new manufacturing industries have been added in the new series of WRI basket including synthetic textiles textile garments printing and publishing footwear petroleum chemical gases fertilizers drugs medicines among others In the new series oil mining industry has been introduced in the basket in place of mica mines industry to make the mining sector more representative of the three different kinds of mining namely coal metal and oil Total 3 plantation industries namely tea coffee and rubber have been retained in the new WRI basket with enhanced coverage PTI KKS KKS ANU ANU
24-Nov-2021 National
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Labour Min hikes minimum wages for central sphere workers from Oct 1 \
3 min read
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Labour Min hikes minimum wages for central sphere workers from Oct 1

29-Oct-2021
New Delhi Oct 29 PTI The Ministry of Labour and Employment has revised the rate of variable dearness allowance for 15 crore central sphere workers The hike which will be effective from October 1 will result in an increase in the minimum wages for central sphere employees and workers At a time when the country is struggling with COVID-19 pandemic in a major relief to different category of workers engaged in various scheduled employments in the central sphere the Ministry of Labour Employment has notified and revised the rate of Variable Dearness Allowance VDA with effect from October 1 2021 a ministry statement said The VDA is revised on the basis of average Consumer Price Index for industrial workers CPI-IW a price index compiled by the Labour Bureau an attached office of the Ministry of Labour Employment The average CPI-IW for the months of January to June 2021 was used for undertaking the latest VDA revision Union Labour Minister Bhupender Yadav said in the statement that this will benefit around 15 crore workers engaged in various scheduled employment in the central sphere across the country These workers are employed in construction maintenance of roads runways building operations etc sweeping and cleaning loading and unloading watch and ward mines and agriculture He said that this is in line with the Prime Ministers vision of Sabka Saath Sabka Vikas Sabka Vishwas and Sabka Prayas and this increase will be effective from October 1 2021 and wished all the nation builders greetings of Happy Deepavali The rates fixed for scheduled employment in the Central sphere are applicable to the establishments under the authority of the central government railway administration mines oil fields major ports or any corporation established by the central government These rates are equally applicable to contract and casual employeesworkers D P S Negi Chief Labour Commissioner Central said that the VDA in respect of scheduled employment under the central sphere is revised twice in a year -- April 1 and October 1 Further the period under consideration for this order is from January to June 2021 as per the gazette notification The enforcement of Minimum Wages Act in the central sphere is ensured through the inspecting officers of Chief Labour Commissioner Central Organization across the country for employeesworkers engaged in the scheduled employment in the central sphere PTI KKS DRR DRR
29-Oct-2021 National
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