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Govt sets minimum wage of workers at Rs 13,450 a month

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KATHMANDU — The Ministry of Labour, Employment and Social Security has fixed Rs 13,450 as the minimum monthly wage of labourers effective from fiscal year 2018/19.

Minister of Labour, Employment and Social Security, Gokarna Bista on Monday organised a press meet to make the announcement on the recommendation of Minimum Wage Determination Committee. The minimum wage will be implemented from July 17, said Minister Bista.

Speaking to the media personnel, Minister for Labour Gokarna Raj Bista said that the rate of salary increment of the workers is higher this time compared to the past increments.

The decision was taken as per the trilateral discussions held between employers, representatives of trade unions and government.

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The employer, in a meeting held on Sunday, agreed to increase the monthly wage of Rs 12,500, proposed by them, to Rs 13,450. The trade union had lowered their demand of monthly salary to Rs 14,500 from Rs 17,000.

According to the government decision, the daily minimum wage will be Rs 517 and hourly minimum wage has been set at Rs 69.

On the occasion, Chairwoman of the Committee, Bhawani Rana, said it was imperative that the trade union should join hands for effective implementation of minimum wage rule.

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Petroleum products’ prices go down

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KATHMANDU- The Nepal Oil Corporation (NOC) has slashed the prices of petroleum products effective this midnight.

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A meeting of the NOC held today reduced the prices of petrol, diesel and kerosene by Rs 2 per litre each. With the adjusted price list, petrol shall cost Rs 112 per litre while diesel and kerosene will be available at Rs 99 per litre, NOC spokesperson Birendra Goit shared.

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