Question
Fixation and Revision of Minimum Wages.
Answer :
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Fixation and revision of minimum wages in the context of cooperatives are governed by the Minimum Wages Act, 1948, which applies to workers employed in various sectors, including cooperative societies. Minimum wages are the lowest remuneration that employers are legally required to pay workers for the work performed during a specified period. The objective is to ensure a fair standard of living for workers and prevent exploitation. The process of fixation involves the government or an appointed authority
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