Ad
Ad
Ad
In a move to support the income of farmers, the Madhya Pradesh state government has announced a significant wage hike of 25 percent. This decision aims to ensure that these hardworking individuals receive fair compensation for their labor. The revised rate of wages is set to come into effect from April 1, 2024, marking a substantial increase from the previous rates.
Effective from April 1, 2024, all industrial and unorganized workers will enjoy a 25 percent raise in their wages. This adjustment applies to both trained and untrained workers across various sectors. As a result, the minimum wage for agricultural workers will surge to Rs 7660 per month. Notably, this marks the first revision in labor wages in the state since 2014.
The new minimum wage rates have been calculated by increasing the existing rates by 25 percent and incorporating the variable value allowance. This allowance is based on the All India Consumer Price Index, with calculations extending from January to June 2019. The revised rates have been structured to ensure fair compensation for workers across different categories.
The revised wage structure, effective from April 1, 2024, is as follows:
These rates have been determined based on the average data from January 2019 to June 2019 of the All India Consumer Price Index for Industrial Workers.
For agricultural workers, the increase in minimum wage rates will ensure a monthly income of Rs 7660, providing them with a more sustainable livelihood. Similarly, minimum wage rates for beedi workers and agarbatti workers have also seen a 25 percent hike. It's crucial to note that these revised rates will not unfavorably affect any worker; if current wages exceed the new rates, they will remain unchanged until the minimum wage rates catch up.
Agricultural workers primarily include individuals who rely on farming activities for their income. They engage in tasks such as plowing fields, sowing seeds, and harvesting crops, either as hired laborers or sharecroppers. On the other hand, workers in the unorganized sector surround a diverse range of self-employed individuals, contract workers, casual laborers, and more, who operate outside the purview of formal employment contracts.
Workers in the organized sector typically operate under fixed conditions and are often covered by employment laws and welfare schemes. This category includes individuals employed in factories, government jobs, and other formal work settings. The Madhya Pradesh government's decision to increase wages for agricultural workers reflects a collective effort to uplift the economic well-being of these essential contributors to the agricultural sector.
Also Read: CM Bhagwant Mann Inaugurates Sonalika's Massive Rs. 1300 Crore Expansion in Hoshiarpur
The Madhya Pradesh government's commendable decision of raising the wages for agricultural workers by 25 percent which will be in effect from April 1, 2024, promises a brighter future for these hardworking individuals. With a minimum wage of Rs 7660 per month, this move ensures fair compensation and economic stability for agricultural laborers.
Mahindra Tractors Launches Virtual Tractor Drive Experience with AI-Powered Personalization to Celebrate 60th Anniversary
Mahindra Tractor’s virtual drive uses AI to let farmers create personalized videos of themselves driving, celebrating 60 years of farming support....
07-Nov-24 05:14 AM
Read Full NewsRetail Tractor Sales Report for October 2024: Growth of 3.08% in Sales
October 2024 saw a 3.1% increase in tractor sales, with Mahindra & Mahindra leading, followed by gains for John Deere and CNH Industrial....
06-Nov-24 05:50 AM
Read Full NewsVST Tillers Tractors Sales Report October 2024: 1,783 Power Tillers and 680 Tractors Sold
VST's October 2024 sales showed strong growth in tractors, but power tiller sales declined, impacting overall year-to-date performance....
04-Nov-24 07:49 AM
Read Full NewsEscorts Kubota October 2024 Sales Report: 18,110 Units, 19.8% Growth
Escorts Kubota Limited saw strong domestic tractor sales growth in October 2024 but faced a notable decline in export sales....
04-Nov-24 06:25 AM
Read Full NewsMahindra Tractor October 2024 Sales Report: 65,453 Units, 30% Growth
Mahindra records 30% growth in October 2024 tractor sales, driven by strong demand, good harvests, and favorable government policies....
04-Nov-24 05:25 AM
Read Full NewsAutoNxt Begins Sales of Electric Tractor for Sustainable Agriculture
AutoNxt begins sales of an electric tractor, promoting sustainable farming with fuel savings, reduced environmental impact, and enhanced efficiency for farmers....
21-Oct-24 07:21 AM
Read Full NewsAd
Ad
Mini Tractors vs. Big Tractors: Differences, Pros, Cons, and Which One to Choose?
18-Oct-2024
Top 10 Rice-Producing States in India 2024: Rankings, Insights, Cultivation & Trends
16-Oct-2024
Subhadra Yojana: Empowering Women in Odisha with Rs. 50,000 Financial Support, Eligibility, Benefits, and Objectives
14-Oct-2024
Top 10 Tractors for Farming and Agriculture in India (2024)
11-Oct-2024
How Intercropping Can Help Sugarcane Farmers Increase their Income
03-Oct-2024
PM-KISAN: Financial Support, Eligibility, e-KYC & Application Process
26-Sep-2024
View All Articles
As featured on:
Registered Office Address
Delente Technologies Pvt. Ltd.
M3M Cosmopolitan, 12th Cosmopolitan,
Golf Course Ext Rd, Sector 66, Gurugram, Haryana
pincode - 122002