India Wage Updates

The Indian government has started a national floor wage exercise to create a uniform minimum wage standard across the country.
- The national floor wage will allow states to account for regional variations in the cost of living.
- Changes have been made to the EPF scheme, including stricter rules for withdrawal benefits and new transfer options after job switches.
- The EPFO has introduced a one-time settlement window for pending PF damages cases.
- Interest rates for PF accounts have been announced, with the EPF interest rate standing at 8.25 per cent for FY26.
- Recruitment drives are underway for various positions, including Eng Trainee and Hostel Assistant Manager posts at NIT Trichy, with salaries as per the Minimum Wages Act for the Skilled category.