Question
Fixation and Revision of Minimum Wages.
Answer :
Word Count : 287
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Minimum wages are fixed to ensure a basic standard of living for workers and to prevent exploitation in sectors where bargaining power is weak, including cooperative undertakings. The appropriate government, central or state, is empowered under the Minimum Wages Act, 1948 to fix minimum rates of wages for employments specified in the Schedule, which may include cooperative societies engaged in commercial or industrial activities. Wages may be fixed by time rate, piece rate, guaranteed time rate, or
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