The Minimum Wages Act, 1948, empowers both the central and state governments to fix minimum wages for various sectors. The wages vary depending on the location, industry, and the skill level of the worker (unskilled, semi-skilled, skilled, or highly skilled).
Key Points:
- National Floor Level: The central government sets a non-binding floor wage, but states can set their minimum wages above this level.
- Wage Categories: Minimum wages differ for industrial, agricultural, and unorganized sectors.
- Impact of the Code on Wages, 2019: The Code simplifies wage definitions and mandates that the national minimum wage applies uniformly across states.
Conclusion: With frequent updates, businesses must stay informed of minimum wage revisions in their respective states.
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It is important to note that labour laws can be complex and subject to change. Please consult with lawyer to ensure that you are complying with all applicable laws and regulations.