Draft Bill on increasing Minimum Wage Level to be gazetted

September, 26, 2019

Workers Minimum Wages Act No. 3 of 2016 has set a national minimum monthly wage of Rs.10,000 /- (400x25) and a national minimum daily wage of Rs.400/- (50x8) with effect from 01.01.2016.

Considering the rising cost of living, cabinet approval has been granted to amend section 3 of the above act to increase the present National Minimum Monthly Wage of Rs.10000 up to Rs.12000 (by Rs.2,500) and to increase National Minimum Daily Wage of Rs.400/- up to Rs.500/- (by Rs.100/-) .

Accordingly, the cabinet of ministers approved the proposal presented by H.E. the President to gazette the bill prepared by the legal draftsman for revising the section 3 of Workers Minimum Wages Act No.3 of 2016 and consequently present the same for parliamentary approval.

Video Story

Stock Market

Exchange Rates

-->