7th CPC – Minimum wage Rs 26000 and Fitment Formula worked out by Staff Side NCJCM is Justified
Confederation of Central Government Employees and Workers Karnataka State has posted an article in its blog regarding the minimum wage. It claimed that the Minimum Wage worked out by staff side NCJCM is justified by Retail Price List published by the Directorate of Economics & Statistics, since the rates quoted for some items by Staff Side NCJCM is lower than the prices provided by Directorate of Economics & Statistics. Hence it hopes that the minimum wage to be fixed at Rs.26000/- and Fitment formula will may range from 2.72 time to 3.72 times .. The article is given below..
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 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 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.
Category: Seventh Pay Commission