Minimum Wage of Rs 26,000/- Justified and Fitment Formula
Comrades,
The DIRECTORATE OF ECONONMICS & STATISTICS,
DEPARTMENT OF AGRICULTURE & COOPERATION, MINISTRY OF AGRICULTURE
GOVERNMENT OF INDIA, NEW DELHI has published the RETAIL PRICES OF FOOD
AND NON FOOD ITEMS VIDE http://rpms.dacnet.nic.in/ PLEASE GO THROUGH THIS IMPORTANT LINK which contains District wise Price Report.
You can get any Price of any Article using the Query option.
The
prices of many items provided by the Staff Side JCM are lower than
the retail prices provided by the Government Agency . Hence the Minimum
wage of Rs 20,000/- is justified for the erstwhile Group "D" with
effect from 1/1/15 using Dr Aykroyd formula . After weight-age of 25% for Group "C" it works out to Rs 26,000/- .
Please click here for Prices of Food Items as on 1/1/15
Please click here for Prices of Non Food Items as on 1/1/15
Please click here for Prices of Non Food Items as on 1/1/15
The fitment formula may range from 2.72 times to 3.72 depending upon the weight-age.
The Sixth Central Pay Commission has recommended a minimum wage of Rs 6600/- per month against
the demand of Rs 10,000/- per month as worked out by Staff side of
JCM, Today the minimum need based wage works out to Rs 26,000/ per
month.
Comradely yours
(P.S. Prasad)
General Secretary
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