Business Standard

Sunday, December 22, 2024 | 04:32 PM ISTEN Hindi

Notification Icon
userprofile IconSearch

National minimum wage will hurt jobs; states must fix earnings: CII

According to sources, the labour ministry is likely to seek Cabinet approval for the Code on Wages Bill next week as it pushes for its passage in the ongoing Parliament session

Image via Shutterstock
Premium

Image via Shutterstock

Press Trust of India New Delhi
Industry body CII Sunday said states should have the power to determine minimum wages as the concept of a national minimum wage will affect job creation.

According to sources, the labour ministry is likely to seek Cabinet approval for the Code on Wages Bill next week as it pushes for its passage in the ongoing Parliament session.

CII says minimum wages fixed by states should be based on three criteria - geographic location, skill and occupation. 

However, it cannot be lower than the minimum wage fixed by the Centre.

"The concept of a national minimum wage will affect job creation, so it is necessary

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in