financetom
Business
financetom
/
Business
/
Farm worker wage rises by 48% in nearly two-decades, says report
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Farm worker wage rises by 48% in nearly two-decades, says report
Feb 12, 2019 3:36 AM

Wages for skilled agricultural workers have risen only 48 percent, while the pay for legislators, senior officials and managers have spiked to 98 percent in the time period between 1993-94 to 2011-12, reported Business Line.

According to a report published by the International Labour Organisation’s (ILO) India Wage Report, the average daily wages of agricultural labourers was Rs 120 in 1993-94, while it became Rs 177 in 2011-12. For legislators, senior officials and managers, it increased to Rs 1,052 in 2011-12 from Rs 530 in 1993-94.

Wages for professionals rose by 90 percent, while that of fishery workers is just above the machine operators who got the least raise – 44 percent during the period.

Finance minister during his interim budget speech announced direct income support of Rs 6,000 annually to the farmers. However, the centre did not include the single largest segment of the workforce - agriculture labourers – with about 14.43 crore workforce, the report said, adding that most of the agricultural labourers are asset-less or asset-poor and only 55 percent are involved in agriculture.

“The Pay Commissions were a contributing factor, which also had an impact on the wages of the private sector, particularly in the upper quintile of the wage distribution. The ratio between the best-paid occupation and the lowest ranked was 7.2 in 1993-94, increased to 10.7 in 2004-05 and declined to 7.6 in 2011-12,” the report states.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Denmark university to halt investment in companies in West Bank amid student protests
Denmark university to halt investment in companies in West Bank amid student protests
May 28, 2024
By Isabelle Yr Carlsson COPENHAGEN, May 28 (Reuters) - The University of Copenhagen said on Tuesday it would halt investment in companies that do business in the occupied West Bank amid student protests pressuring the campus to cut financial and institutional ties with Israel. Hundreds of students began campus protests in early May to express their opposition to Israel's operations...
Exchange operators re-enable routing for Members Exchange after brief pause
Exchange operators re-enable routing for Members Exchange after brief pause
May 28, 2024
(Reuters) - Several exchange operators on Tuesday re-enabled routing to Members Exchange (MEMX) after disabling it for a brief period. MEMX Equities delayed the opening of its pre-market session to 08:45 a.m. ET as the stock exchange encountered an issue. It did not clarify what the issue was. The exchange normally starts its pre-market trading session at 7:00 a.m. ET,...
Riviva Pharmaceuticals Prices $3 Million Offering of Stock, Warrants; Shares Slump
Riviva Pharmaceuticals Prices $3 Million Offering of Stock, Warrants; Shares Slump
May 28, 2024
10:11 AM EDT, 05/28/2024 (MT Newswires) -- Reviva Pharmaceuticals ( RVPH ) declined by more than 8% in early trading Tuesday after the late-stage drug maker priced an offering of nearly 1.9 million shares and warrants to buy an equal number of shares at combined price of at $1.58 per share and warrant. The registered direct offering, priced at-the-market under...
F.N.B. Secures Additional Office Space in New Corporate Headquarters
F.N.B. Secures Additional Office Space in New Corporate Headquarters
May 28, 2024
10:11 AM EDT, 05/28/2024 (MT Newswires) -- F.N.B. (FNB) said Tuesday that it has secured three more floors or almost 60,000 square feet of office and amenity space in its new corporate headquarters, FNB Financial Center. The company said it will consolidate various North Shore campus sites into the building in Pittsburgh when it opens later this year. F.N.B. said...
Copyright 2023-2026 - www.financetom.com All Rights Reserved