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The Government of Nepal has officially increased the minimum wage of workers by Rs 2,250, raising it to Rs 19,550 per month.
The new wage rate was agreed upon during a tripartite meeting between the government, employers, and trade unions held on July 16. The recommendation was submitted to the government on July 17 and formally published in the Nepal Gazette on July 21.
As per Article 107 of the Labour Act, 2074, the minimum wage must be revised every two years. This marks the first time that the wage rate has been determined through a tripartite agreement among all stakeholders.
Minister for Labour, Employment and Social Security, Sharat Singh Bhandari, stated that it was a positive development to determine the wage through consensus, emphasizing the importance of all parties engaging seriously and responsibly in its implementation.
Pradeep Koirala, Joint Secretary at the Ministry of Labour and Coordinator of the Minimum Wage Determination Committee, noted that the agreement was reached after extensive consultation, coordination, and dialogue.
Similarly, Chandra Dhakal, President of the Federation of Nepalese Chambers of Commerce and Industry (FNCCI), said that reaching a consensus on minimum wage is crucial for ensuring stable and long-term labor relations, adding that flexibility from all sides agreed possible.
Previously, the minimum wage was Rs 17,300.
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