The State Government, in compliance with the Minimum Wages Act, 1948, has issued a notification adjusting the minimum wages and variable dearness allowance for various industries, including stone breaking, glass and chinaware, salt, woolen carpet making, dushale weaving institutes, and papad production. According to this notification, the variable dearness allowance is calculated based on the Consumer Price Index of Industrial Workers 2003 (1960–100) and adjusted annually. The recent adjustment, effective from October 1, 2023, to September 30, 2024, reflects an increase in the index by 300 points compared to the previous period. This adjustment supplements the revised minimum wage set by the state government. This notification was published on May 2, 2024.
Launch of Association of NPS Intermediaries
22 December 2024
The ANI stakeholders are Points of Presence (Bank and Non-Bank), Central Record Keeping Agencies, Trustee Banks, Custodians, Aggregators, Annuity Service Providers, Pension Agents, Retirement Advisors,
