ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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MONEY AND BANKING-Demise of Bill Market Scheme

Wages Committee was appointed, wages el workers in Pooars stood at Rs 3 for males and Rs 2.83 for females.
The Second Minimum Wages Committee finalised its recommendations in August 1077, A few interim increments were granted during its four-year term. This period covered the post-1975 boom in tea when prices in the auctions tripled. The increments this time were higher, Before the committee finalised its recommendation, wages in Dooars were Rs 4.30 for males and Rs 4.13 for females. The committee recommended that wages increase by a rupee annually for the next two years, begining from July 1977. When this agreement expired on June 30, 1979, a tripartite committee decided to increase wages by 90 paise annually for the next three years,

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