The Cabinet also approved the enhancement of Minimum Wages with effect from March 1, 2020 and September 1, 2020 as per the provisions of 'The Minimum Wages Act, 1948' and revision of wages from March 1, 2020 and September 1, 2020 after the decision of the Punjab Minimum Wages Advisory Board constituted under the provisions of the said Act. Increase in labour wages/rates will lead to an increase in purchasing power of labourers/workers and in turn will boost economic activity in the state. It will also result in better job satisfaction to the worker which will subsequently result in better productivity and harmonious relations with the employer. The Minimum wages based on CPI was due on March 1, 2020 with a raise of Rs 415.89. Resultantly, the Minimum Wage has now been revised from Rs. 8776.83 to Rs. 9192.72. Similarly, with the hike in Minimum Wages, the worker would also be entitled to get arrears of Rs. 8251 from March 1, 2020 up to October, 2021.
Approves Punjab Energy Security, Termination of PPAs and Redetermination of Power Tariff Bill, 2021