Kerala's Consumerfed hikes employee salaries

State-backed entity Consumerfed has revised its employees’ salaries, fixing the lowest monthly wage at Rs 15,500.

Published: 12th July 2018 01:40 AM  |   Last Updated: 12th July 2018 01:40 AM   |  A+A-

By Express News Service

KOCHI: State-backed entity Consumerfed has revised its employees’ salaries, fixing the lowest monthly wage at Rs 15,500. The pay revision will come into effect from July and the revised salary will be provided in August, Consumerfed chairman M Mehaboob told reporters on Wednesday.

“The maximum salary will be Rs 81,500. The pay revision will be provided to 2,613 employees, including temporary and daily wages employees. A pay revision to the tune of Rs 1.45 crore has been sanctioned by Consumerfed,” Mehaboob said. The last pay hike was done in March 2011.

Unlike previous occasions, a master pay-scale has been introduced this time as per which salaries were revised in 11 categories. The daily wage employees will be getting Rs 650 compared to Rs 400 they received last month. There are 857 daily wages employees working with Consumerfed. Nearly 25 per cent salary hike will be provided to contract staff and they will be receiving Rs 15,000 per month compared to their previous salary of Rs 12,000.

Part-time assistants will be given Rs 7,450 and a DA of Rs 8,800 per month. HRA allowance has been hiked to Rs 2,000 compared to the earlier Rs 900. Medical allowance has been hiked from Rs 1,650 to Rs 3,500.

Consumerfed will meet the additional financial burden from the business profit. This year, Consumerfed has initiated step to start the Triveni Institute of Pharmacy offering BPharm.

Neethigas by Consumerfed will be supplied to government hospitals and anganwadis.The salaries were revised based on the report of the committee which the Consumerfed had constituted following demand of salary hike.

Salary hiked
Min salary: J15,500
Max salary: J81,500
Pay revision to the tune of J1.45 crore sanctioned by Consumerfed

Stay up to date on all the latest Kerala news with The New Indian Express App. Download now
(Get the news that matters from New Indian Express on WhatsApp. Click this link and hit 'Click to Subscribe'. Follow the instructions after that.)

Comments

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp