Wage Rates Hiked

The government on Thursday announced to increase minimum wage rates by revising the Variable Dearness Allowance (VDA), in a bid to help workers cope with the rising cost of living.

Wages under the Mahatma Gandhi National Rural Employment Guarantee Scheme have been revised, with hikes ranging between four and 10 per cent for different states.

The Central sphere rates are applicable to establishments under central government, railway administration, mines, oil fields, major ports or any corporation established by the central government

PM Modi gave the highest ever allocation to a rural job guarantee program in the current year ending March, and spent more on providing houses, drinking water and building rural roads.

Labour Ministry has decided to fix the minimum wage at Rs 350 per day for unskilled agricultural labour in C-class towns in central sphere to be effective from November 1, 2016.

US employment rose more than expected in July and wages picked up, bolstering expectations of an acceleration in economic growth and raising the probability of a Federal Reserve interest rate hike this year.

US employment increased solidly in March and wages rebounded, signs of economic resilience that could allow a cautious Federal Reserve to gradually raise interest rates this year.

Wall Street was lower on Friday after data showing a surge in wages in January and an eight-year low unemployment rate kept the prospects of a Fed rate hike alive this year.

US employment gains slowed more than expected in January as the boost to hiring from unseasonably mild weather faded, but surging wages and an unemployment rate at an eight-year low suggested the labour market recovery remains firm.

This week, when Federal Reserve officials meet to decide whether to raise interest rates for the first time in nine years, one question will be front and center: How much faith should be placed in a line on a graph first drawn by a New Zealand economist nearly six decades ago, based on data on wages and employment in Britain dating to the 1860s?

US stocks slipped on Friday after data showed that American job growth accelerated sharply in May and wages picked up, signs of momentum in the economy that could revive expectations of an interest rate hike in September.

The US economy pumped out 280,000 jobs in May, the Labor Department announced Friday, far more than expected in a solid sign of growth after a winter stall.

Federal Reserve Chair Janet Yellen signalled that the US central bank will likely start raising borrowing costs later this year, even before inflation and wages have returned to health, but emphasised the return to normal interest rates will be gradual.

Nonfarm payrolls increased 257,000 last month, the Labor Department said on Friday. Data for November and December was revised to show a whopping 147,000 more jobs created than previously reported, bolstering views consumers will have enough muscle to carry the economy through rough seas.

Many economists at Wall Street's biggest banks remain convinced the Federal Reserve will raise interest rates by June, even as the markets have been spooked by a five-year low in crude oil prices and wage growth remains weak.

The government on Thursday announced to increase minimum wage rates by revising the Variable Dearness Allowance (VDA), in a bid to help workers cope with the rising cost of living.

Wages under the Mahatma Gandhi National Rural Employment Guarantee Scheme have been revised, with hikes ranging between four and 10 per cent for different states.

The Central sphere rates are applicable to establishments under central government, railway administration, mines, oil fields, major ports or any corporation established by the central government

PM Modi gave the highest ever allocation to a rural job guarantee program in the current year ending March, and spent more on providing houses, drinking water and building rural roads.

Labour Ministry has decided to fix the minimum wage at Rs 350 per day for unskilled agricultural labour in C-class towns in central sphere to be effective from November 1, 2016.

US employment rose more than expected in July and wages picked up, bolstering expectations of an acceleration in economic growth and raising the probability of a Federal Reserve interest rate hike this year.

US employment increased solidly in March and wages rebounded, signs of economic resilience that could allow a cautious Federal Reserve to gradually raise interest rates this year.

Wall Street was lower on Friday after data showing a surge in wages in January and an eight-year low unemployment rate kept the prospects of a Fed rate hike alive this year.

US employment gains slowed more than expected in January as the boost to hiring from unseasonably mild weather faded, but surging wages and an unemployment rate at an eight-year low suggested the labour market recovery remains firm.

This week, when Federal Reserve officials meet to decide whether to raise interest rates for the first time in nine years, one question will be front and center: How much faith should be placed in a line on a graph first drawn by a New Zealand economist nearly six decades ago, based on data on wages and employment in Britain dating to the 1860s?

US stocks slipped on Friday after data showed that American job growth accelerated sharply in May and wages picked up, signs of momentum in the economy that could revive expectations of an interest rate hike in September.

The US economy pumped out 280,000 jobs in May, the Labor Department announced Friday, far more than expected in a solid sign of growth after a winter stall.

Federal Reserve Chair Janet Yellen signalled that the US central bank will likely start raising borrowing costs later this year, even before inflation and wages have returned to health, but emphasised the return to normal interest rates will be gradual.

Nonfarm payrolls increased 257,000 last month, the Labor Department said on Friday. Data for November and December was revised to show a whopping 147,000 more jobs created than previously reported, bolstering views consumers will have enough muscle to carry the economy through rough seas.

Many economists at Wall Street's biggest banks remain convinced the Federal Reserve will raise interest rates by June, even as the markets have been spooked by a five-year low in crude oil prices and wage growth remains weak.