Why India needs an тАШInflation Linked Salary Revision ActтАЩ, I argue in Parliament.
Between FY18 and FY26, real wages for salaried Indians fell by 16% because pay hike did not keep pace with rising inflation. That is why in Parliament I raised that a mandatory wage indexation formula is the need of the hour.
Government employees get protection through Dearness Allowance and periodic Pay Commissions. But 85% of IndiaтАЩs formal workforce has zero statutory inflation protection. They are at the mercy of employer discretion and their own negotiation power to get a pay hike.
Other economies already protect workers through automatic indexation.
тАв The US has COLA with automatic revisions
тАв Germany revises wages every 18тАУ24 months
тАв Japan follows the annual Shunto system
тАв Belgium mandates automatic quarterly indexation
India needs statutory inflation protection, a minimum wage increase linked to inflation.
Inflation should not be IndiaтАЩs silent pay cut
Your issues belong in Parliament.
This Winter Session, I raised citizensтАЩ concerns in Parliament:
тАв dignity and fair pay for gig workers
тАв arbitrary copyright strikes harming digital creators
тАв toll plaza loot
тАв depleting groundwater levels
тАв rejection of genuine health-insurance claims
тАв lower capital gains tax and better incentives for domestic investors
тАв the Tokenisation Bill
тАв incomplete GST rationalisation, and more
Parliament runs on your money.
We are answerable to you.