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Reading: Gandhi Jayanti: MSME raises wages for spinners by 25%, weavers by 7% | Economic system & Coverage Information
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StockWaves > Economics > Gandhi Jayanti: MSME raises wages for spinners by 25%, weavers by 7% | Economic system & Coverage Information
Economics

Gandhi Jayanti: MSME raises wages for spinners by 25%, weavers by 7% | Economic system & Coverage Information

StockWaves By StockWaves Last updated: October 3, 2024 1 Min Read
Gandhi Jayanti: MSME raises wages for spinners by 25%, weavers by 7% | Economic system & Coverage Information
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1 min learn Final Up to date : Oct 02 2024 | 9:29 PM IST


The Ministry of Micro, Small, and Medium Enterprises (MSME) on October 2 introduced that spinners who spin yarn on the charkha will see a 25 per cent improve of their wages, whereas weavers who work on the loom will obtain a 7 per cent hike.


In accordance with the official assertion by the ministry, a particular low cost of 20 per cent on Khadi merchandise and 10 per cent on Village Industries merchandise has been launched on the flagship Khadi Bhavan in Connaught Place, New Delhi, in addition to throughout the nation.

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On September 17, 2024, in a ceremony held at Mahatma Gandhi’s birthplace, Porbandar, on the event of Prime Minister Narendra Modi’s birthday, the announcement of a 25 per cent wage hike for spinners and a 7 per cent improve for weavers was made. The revised wages got here into impact on October 2, 2024, on the event of Gandhi Jayanti.

 

First Printed: Oct 02 2024 | 9:29 PM IST

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