7th Pay Commission – Justification for minimum wage of 26000 – Karnataka COC
Confederation of Central Government Employees and Workers of Karnataka State General Secretary Shri.P.S. Prasad published an article about the justification of minimum wage of Rs.26000. He also said that the fitment formula may range from range from 2.72 times to 3.72 depending upon the weightage in 7th Pay Commission. The complete text of the article is reproduced and given below for your ready reference…
Minimum Wage of Rs 26,000/- Justified and Fitment formula
The DIRECTORATE OF ECONONMICS & STATISTICS DEPARTMENT OF AGRICULTURE & COOPERATION MINISTRY OF AGRILCULTURE 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 weightage of 25% for Group “C” it works out to Rs 26,000/- .
Please click here for Minimum Wage Caluation Sheet
The fitment formula may range from 2.72 times to 3.72 depending upon the weightage.
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.
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