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Tamil Nadu revises hosiery sector minimum wages
19 Feb '16
2 min read
The Tamil Nadu government has revised the minimum rates of wages for those employed in hosiery manufacturing under the Minimum Wages Act.
In a statement, the Tiripur Exporters' Association (TEA) said that the government had constituted a committee, including TEA as a member, for revision of minimum rates of wages for those working in the hosiery sector.
The committee after more than seven sittings and after visiting six units, to enquire about wages paid to the workers, recommended the minimum wages to be paid to those employed in the sector.
“The notification for revision of wages was published in Tamil Nadu Government Gazette on February 17, 2016 and came into force the same day onwards,” the statement said.
As per the gazette, in addition to the minimum rates of basic wages fixed, employees will also have to be paid dearness allowance.
The statement added that the dearness allowance is linked to the average Chennai City Consumer Price Index Number for the year 2000, which is 475 points with base year being 1982 and is equal to 100 points.
“So, for every rise of one point over and above 475 points, an increase of Rs. 3.80 per month shall be paid as dearness allowance,” TEA explained in the statement.
The statement further added that the dearness allowance shall be calculated on April 1 of every year on the basis of the average of the indices for the preceding twelve months, namely, from January to December.
“Members may note that dearness allowance payable with effect from April 1, 2015 to March 31, 2016 is based on the average Consumer Price Index of Chennai city for calendar year 2014,” the statement informed. (AR)
In a statement, the Tiripur Exporters' Association (TEA) said that the government had constituted a committee, including TEA as a member, for revision of minimum rates of wages for those working in the hosiery sector.
The committee after more than seven sittings and after visiting six units, to enquire about wages paid to the workers, recommended the minimum wages to be paid to those employed in the sector.
“The notification for revision of wages was published in Tamil Nadu Government Gazette on February 17, 2016 and came into force the same day onwards,” the statement said.
As per the gazette, in addition to the minimum rates of basic wages fixed, employees will also have to be paid dearness allowance.
The statement added that the dearness allowance is linked to the average Chennai City Consumer Price Index Number for the year 2000, which is 475 points with base year being 1982 and is equal to 100 points.
“So, for every rise of one point over and above 475 points, an increase of Rs. 3.80 per month shall be paid as dearness allowance,” TEA explained in the statement.
The statement further added that the dearness allowance shall be calculated on April 1 of every year on the basis of the average of the indices for the preceding twelve months, namely, from January to December.
“Members may note that dearness allowance payable with effect from April 1, 2015 to March 31, 2016 is based on the average Consumer Price Index of Chennai city for calendar year 2014,” the statement informed. (AR)
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