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Minimum wages of Rs.26000 justified and weightage fitment formula may range from 2.72 times to 3.72: CoC Karnataka

“Depending on the weightage fitment formula may range from 2.72 times to 3.72“

Minimum Wage of Rs 26,000/- Justified and Fitment formula – COC Karnataka
Comrade,
The DIRECTORATE OF ECONONMICS & STATISTICS DEPARTMENT OF AGRICULTURE & COOPERATION MINISTRY OF AGRILCULTURE GOVERNMENT OF INDIA NEW DELHI has published the RETAIL PRICES OF FOOD AND NON FOOD ITEMS VIDE http://rpms.dacnet.nic.in/ PLEASE GO THROUGH THIS IMPORTANT LINK . which contains district wise price report.
http://rpms.dacnet.nic.in/Bulletin.aspx

You can get any price of any article using the Query option.
http://rpms.dacnet.nic.in/QueryReport.aspx
The prices of many items provided by the Staff side JCM are lower than the retail prices provided by the Government agency . Hence the Minimum wage of Rs 20,000/- is justified for the erstwhile Group “D” with effect from 1/1/15 using Dr Aykroyd formula. After weightage of 25% for Group “C” it works out to Rs 26,000/- .

Please click here for Prices of Food items as on 1/1/15

Please click here for Prices of Non Food items as on 1/1/15

Minimum Wage Calculation Sheet:

Minimum Wage as per Government Prices
Slno Item Per Month
3 units in
Kgs/ mt
Rate
Max
Rate
Minimum
Average
Rate 
Amount
1 Rice/Wheat Super fine 42.75 150 30 90 3847.5
2 Dal (Toor/Urid/Moong) 7.2 120 65 92.5 666
3 Raw Vegetables 9 60 20 40 360
4 Green Vegitables 11.25 35 15 25 281.25
5 Other Vegitables 6.75 35 20 27.5 185.63
6 Fruits 10.8 200 30 115 1242
7 Milk 18 50 28 39 702
8 Sugar/Jaggery 5 38 28 33 165
9 Edible Oil 3.6 220 58 139 500.4
10 Fish 2.5 700 120 410 1025
11 Meat 5 520 125 322.5 1612.5
12 Egg 90 7 4 5.5 495
13 Detergents 1 300 68 184 184
14 Clothes 5.5 400 68 234 1287
Total 12553
Housing @ 7.5% 941.5
Miscellaneous @ 20% 2510.7
Total
16005
Additional @ 25%
4001.4
Grand Total –
20007
 Minimum pay for unskilled worker in the erstwhile Group D

The fitment formula may range from 2.72 times to 3.72 depending upon the weightage.

The Sixth Central Pay Commission has recommended a minimum wage of Rs 6600/- per month against the demand of Rs 10,000/- per month as worked out by Staff side of JCM, Today the minimum need based wage works out to Rs 26,000/ per month.

Comradely yours

(P.S. Prasad)
General Secretary

Source: www.karnatakacoc.blogspot.in
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