Govt to raise minimum wage to Rs 15,000 per month from next fiscal year

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Govt to raise minimum wage to Rs 15,000 per month from next fiscal year

May 1: Prime Minister KP Sharma Oli has announced that the minimum wage of workers will be raised from the next fiscal year 2020/21. 

In his speech on the occasion of Labour Day on Saturday, Prime Minister Oli said that the minimum wage of domestic workers will be raised to Rs 15,000 per month. 

Currently, workers have been drawing a minimum wage of Rs 13,450 per month. The government last raised the minimum wage by 38 percent to Rs 13,450 in 2018.

In his statement, Prime Minister Oli also said that the government could not revise the minimum wage last year due to the adverse economic condition caused by the Covid-19. 

Stating that workers had supported the government’s stance to not raise the minimum wage last year due to the pandemic, Prime Minister Oli said that he is confident that industrialists and businessmen will agree on revising the minimum wage this year. 

“There could not be agreement between the representatives of employers and workers on the revision of minimum wage even this year due to worsening of the situation. However, I would like to inform you that the government would revise the minimum wage of workers from the fiscal year 2021/22,” said Prime Minister Oli.  

Prime Minister Oli also said that all workers will be brought under the social security net by the end of the next fiscal year. 
 


 

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