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

Apparel/Garments | On 5th Dec 2016

EC proposes new tax rules to support e-commerce in EU

The European Commission (EC) has unveiled a series of measures to...

Apparel/Garments | On 5th Dec 2016

Traders to intensify adoption of digital payments

Adoption of digital payments in their existing business format would...

Textiles | On 5th Dec 2016

US textile & apparel exports down 6.44% in Jan-Sept ’16

The exports of textile and apparel from United States were down 6.44...

Interviews View All

Akash Khetan
Narayan Tex Fab

I find it hard to find professionals in Surat

Spokesperson
Hugo Boss

'Hugo Boss works with carefully selected sourcing partners'

Anshul Sood
Oceedee

‘Indian footwear market is nascent and largely a trend follower’

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Lynda Kelly
Suominen Corporation

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

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer Prathyusha Garimella is known for blending...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

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
December 2016

December 2016

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

SUBSCRIBE


Browse Our Archives

GO


Advanced Search