As Diwali 2024 approaches, the Modi government has delivered great news for workers. The central government, led by Prime Minister Narendra Modi, has announced an increase in the minimum wage and variable dearness allowance (DA) for laborers. This decision will bring significant improvements to the lives of millions of workers, especially those engaged in construction, cleaning, and loading-unloading tasks.
Changes in Minimum Wage
The government has raised the minimum wage rates for unskilled, semi-skilled, skilled, and highly skilled workers. The main objective of this decision is to provide relief to workers amidst rising inflation.
- The minimum wage for unskilled workers has now been set at ₹783 per day, resulting in a monthly income of ₹20,358.
- For semi-skilled workers, the wage will be ₹868 per day, bringing their monthly salary to ₹22,568.
- Skilled and clerical workers will now earn ₹954 per day, which translates to a monthly salary of ₹24,804.
- The minimum wage for highly skilled workers has been raised to ₹1,035 per day, leading to a monthly income of ₹26,910.
When Will the New Rates Come into Effect?
The new rates announced by the government will come into effect from October 1, 2024, and workers will start benefiting from this increase in April 2024. This is the second amendment of the year; a similar change was made in wage rates in April 2024.
Impact of This Decision
- Economic Security: The increased wage rates will improve the economic conditions of workers, enhancing their overall lifestyle.
- Relief from Inflation: This step will assist workers in combating inflation, especially during the festive season.
- Benefit to Unorganized Sector Workers: This will be a significant gift for those working in the unorganized sector.
- Festive Joy: This announcement will brighten the Diwali celebrations for workers, as they will have higher incomes.
Conclusion
The Modi government’s increase in minimum wages for workers is a major step towards strengthening their economic status. Not only will this enhance their purchasing power, but it will also ensure greater social and economic security for them.
