Govt. of Punjab notified regarding the regulation of minimum wage rates w.e.f. March 01, 2024

Jul 20, 2024 | by TeamLease RegTech Legal Research Team

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Labour ComplianceThe Government of Punjab on July 18, 2024, notified regarding the regulation of minimum wage rates w.e.f. March 01, 2024.

The following has been stated namely: -

• It states that the new series of consumer price index (CPI) for industrial workers (base 2016=100) is based on the old consumer price index for industrial workers.

• It states the average CPI for six months from September 2023 to February 2024 is 396.03 after adding to the series (base 2001=100), thus the minimum wage rate for unskilled workers from March 01, 2024 is Rs. 10,899.82/-.

• It provides monthly/daily/hourly minimum wage rates for unskilled, semi-skilled/ skilled/ highly skilled workers.

• It provides monthly/daily/hourly minimum wage rates for staff categories A to D, which are Scheduled Employment under the government, local authorities, boards, corporations, or any agencies under the control of the government.

Kindly refer to the attached document for detailed notification.

[Notification no. – Number/set/10607]


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