Consider the following statements regarding Minimum Wages Act 1948 1 It was enacted t...........

Economic Affairs Employment related Issues

Consider the following statements regarding Minimum Wages Act, 1948.

1) It was enacted to safeguard the interests of the workers mostly in the unorganised sector.

2) Both the Central and state governments are the appropriate governments to fix, revise,review and enforce the payment of minimum wages

Which of the above are correct?

1 only

2 only

Both 1 and 2

None of the above

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Explanation:

Both the statements are correct.

The Minimum Wages Act 1948 is an Act of Parliament concerning Indian labour law that sets the minimum wages that must be paid to skilled and unskilled labours. The Indian Constitution has defined a 'living wage' that is the level of income for a worker which will ensure a basic standard of living including good health, dignity, comfort, education and provide for any contingency. However, to keep in mind an industry's capacity to pay the constitution has defined a 'fair wage'.