Home / Knowledge / News / Textiles / Tamil Nadu revises hosiery sector minimum wages
Tamil Nadu revises hosiery sector minimum wages
19
Feb '16
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)

Fibre2Fashion News Desk – India


Must ReadView All

Textiles | On 24th Jun 2017

Applied DNA to tag cotton for 2017/18 US ginning season

Applied DNA, provider of DNA-based supply chain security,...

Apparel/Garments | On 24th Jun 2017

NPD Group launches Trend Tracker for apparel trends

Global information company the NPD Group has launched Trend Tracker,...

Textiles | On 24th Jun 2017

Cotton USA’s first innovation competition in UK ends

Cotton USA has announced the successful close to its first innovation ...

Interviews View All

Sunil Kumar Sharma
Loknayak JPNSSSG Ltd

'The blend of cotton–linen yarn has high demand in the domestic and...

Abhishek Ganguly
Puma India

‘As a brand, Puma is always looking for new and innovative ways to inspire ...

Nuno Venda
ROQ

‘There has been an increase in demand for water based inks, rather than...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
June 2017

June 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search