FNCCI, CNI and NCC on Minimum Wage

In view of the losses and the current situation faced by private businesses due to Covid 19, FNCCI, CNI and NCC, the three umbrella private sector organisations, have stressed the need to protect both industry and employment inside the country. FNCCI, NCC and CNI issued a joint statement that states that workers have no other alternative but to make more conscious effort to revive and restore the economy. The organisations have urged labour force to maintain industrial peaceful environment in order to run businesses and industries smoothly. Earlier, the government had decided to increase the minimum wage from Rs 13,450 to Rs 15,000 effective from July 16 for all workers except those in the tea industry. The amount was increased by including the minimum salary of Rs 9,385 and a dearness allowance of Rs 5,615. According to the umbrella organisations, the increase in minimum wages is not for workers of all levels, and it does not mean that everyone is liable to get it as the allowances above the minimum wage will be decided according to an establishment’s financial status. The statement was signed by the President of FNCCI, Shekhar Golchha, President of CNI, Satish Kumar More, and President of NCC, Rajendra Malla.