Cabinet nods to increase national minimum monthly wage by Rs. 5,000

Amendment of the National Minimum Wage of Workers Act.

The Cabinet of Ministers has granted approval to the proposal forwarded by the Minister of Labour and Foreign Employment for escalating the national minimum salary by Rs. 5,000/- from Rs. 12,500/- to Rs. 17,500/- and to revise the employees’ national minimum wages act No. 3 of 2016 so that national minimum daily salary can be increased by Rs. 200/- from Rs. 500/- up to Rs. 700/-.

The minimum national salary has been set as Rs. 12,500/- as per the provisions of the National Minimum Wage of Workers Act of No. 03 of 2016.

A tertiary sub committee comprised of trade unions and employers representing small and medium level entrepreneurs appointed under the recommendations of the National Labour Consultancy Board has recommended to escalate the above salary as Rs. 17,500/-.

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