Govt mulls raising minimum wages to boost economy

27 Nov '15

2 min read

In order to boost the economy by creating demand for goods and services, the Government will raise minimum wages and make its implementation mandatory, Labour Secretary Shankar Aggarwal has said, according to an agency report.

At a CII conference in New Delhi, Aggarwal said the Government will bring in a law to give certain minimum wages across the country in all trades and not only in scheduled employments, so that workers have decent wages aligned with inflation and have some money to buy goods and services.

The country's top labour official said economic growth can be boosted by creating jobs and for that there is need of creating demand of goods and services for increasing manufacturing and other economic activities.

Trade unions have been demanding for a minimum wage of Rs 15,000 per month across the board applicable countrywide.

Labour Ministry is now mulling an amendment to Minimum Wage Act to fix a mandatory minimum level of wages applicable across the country for all categories of workers, which will be aligned with inflation and sufficiency to create demand for goods and services.

Aggarwal also said that the government will very soon cover all workers under various social security schemes. (SH)

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