Friday, 2 December, 2022

Salaries, wages not increased as per inflation: Minister

  • Staff Correspondent
  • 3 November, 2022 12:00 AM
  • Print news

Planning Minister MA Mannan said the people’s salaries and wages have not been raised in accordance with inflation.

“It is seen that salaries and wages have not increased in line with inflation,” he told reporters after a meeting with International Labour Organisation (ILO) representatives at his office on Wednesday.

 The minister attributed the inflation to the instability in the international market.

“We’ve to keep in mind the main cause of the rise in inflation is not our failure. Our market is now deeply linked to the international market. Besides, the pressure is being shifted from other markets,” Mannan asserted.

Explaining high inflation, he said: “Everyone goes to the market. The matter is not like that today’s price jumps in the following day. It is also a common phenomenon in the country that the reserve of rice comes down during Bangla month of Kartik.” 

The planning minister thinks that the current level of inflation is “good for a low-income country” like Bangladesh.

 In reply to a question, he said ILO has not suggested increasing wages in every sector. It wants a wage hike for tea garden workers and coastal fishermen.

“We’ve recently raised the wages of the tea garden. Work is going on to raise the wage further in future. I also think that wages of tea garden workers’ and fishermen should be raised,” Mannan stated.

He said many think that “workers are compelled to work at tea gardens, but it is not true.”

The minister said that the workers’ ration should be raised.

 In reply to another question on whether the International Monetary Fund (IMF) loan will bring a relief to the country’s economy, he stated: “I’ve Tk 100 in my pocket. It will help us if anyone lends me Tk 10. The IMF loan will give some temporary relief. But the government is not in any discomfort.”