Wage Rates Increased under MGNREGA

The Union Finance Minister, Shri Pranab Mukherjee, while presenting the Union Budget for 2011-12, has informed that the Government has decided to index the wage rates notified under the Mahatama Gandhi National Rural Employment Guarantee Act (MGNREGA) to the Consumer Price Index for Agricultural Labour.

He said that this comes in pursuance of earlier budget announcement to provide a real wage of Rs.100 per day.

The enhanced wage rates has been notified by the Ministry of Rural Development on January, 2011. The Finance Minister pointed out that this step has resulted in significant enhancement of wages for the beneficiaries across the country.

Source : Equity Bulls

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