minimum wages act

Minimum Wages Act, 1948

The Minimum Wages Act of 1948 is responsible for having fixed the minimum wages rates which are determined by both Central and state governments. Minimum wages rates might be set up for any state, occupation, and domain and legalised at the national, state, sectoral and occupation levels. The basic wages are determined by the living cost.

There are two techniques for fixing/overhauling minimum wages:

Under the panel technique, the government sets up boards of committee and subcommittees to hold requests and suggestions for fixing and changing the least wages.

whereas, in the method of notification, government proposition gets published officially for people who are probably going to be influenced and determines a date (at the very least two months from the hour of the notice) where the recommendations are taken into the examination.