On September 27, 2024, the Government of Andhra Pradesh announced an important update regarding the Cost of Living Index Numbers for employees in scheduled employment.
Key Highlights of the Notification
Revised Minimum Wages
The government has revised the minimum wages applicable to scheduled employment, effective from the date of publication in the Official Gazette. This includes:
Cost of Living Allowance (COLA)
The Cost of Living Allowance (COLA) is a crucial component of the wage structure for various employee categories. Key points regarding COLA include:
- It is linked to the consumer price index numbers for industrial workers.
- The Commissioner of Labour will notify the COLA every six months, specifically on April 01 and October 01.
- The notification will be based on the average rise in the State Industrial Workers Consumer Price Index numbers.
Implementation Timeline
The revised minimum wages and the corresponding COLA will come into effect from October 01, 2024, and will remain in force until March 31, 2025.
