Government of Bihar issued the revised rates of Minimum Wages applicable from October 01 2024
Oct 06, 2024 | by TeamLease RegTech Legal Research Team
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The Government of Bihar on September 30, 2024, issued the revised rates of Minimum Wages applicable from October 01, 2024.
The following has been stated namely: -
• The total number of employment – 69 Employment – General Work
• The following are a few of the industries: -
oCo-operative Sector
oAluminum Industry
oKhansari industry
oChemical and Pharmaceutical Industry
oSoapMaking Industry
oCement Pre - stressed product Industry
oAsbestos Cement Industry.
• The total rates of wages are as follows: -
oUnskilled – 412.00 Per day
oSemi-skilled – 428.00 Per day
oSkilled – 521.00 Per day
oHighly Skilled – 636.00 Per day
oSupervisory/Clerical – 11780.00 Per Month.
• Even if the Index falls below the point on which minimum rates of wages have been fixed/revised there will not be any reduction in the minimum wages fixed/revised.
• The payment of variable Dearness Allowance on the basis of the average index of January-June, 2024 will be payable at the aforesaid rates from October 01, 2024, and thereafter increase or decrease in the amount of variable Dearness Allowance will be based on the average of All India Consumer Price Index number for every six months and will be applicable after the expiry of three months after said period of six months.
This shall be in effect from October 01, 2024.
[Notification No. 5/M.W.40-16/2021,07]
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