The Minimum Wages Act, 1948 aims at fixing and regulating the minimum rates of wages in certain employments.
It extends to the whole of India.
The appropriate Government shall, in the manner hereinafter provided
The Central and the State Government have to declare minimum wages.
Any minimum rate of wages fixed or revised by the appropriate Government in respect of scheduled employments may consist of
The cost of living allowance and the cash value of the concessions in respect of supplies of essential commodities at concessional rates shall be computed by the competent authority at such intervals and in accordance with such directions as may be specified or given by the appropriate Government.
Minimum wage is the minimum t payment that an employer has to give to their worker as directed by the law. According to the Indian law, precisely, Article 43, takes the accountability of the State to generate financial stability in which each individual finds employment and receives a minimum survival amount.
Scope and Applicability
The Minimum Wages Act was compulsory to certify the establishments did not underpay workers with inappropriate salaries. The Act is pertinent to all commercial bodies, workshops, places of commerce, and manufacturing categories. Impulsive productions are usually omitted, through their respective state but can add a minimum wage for the particular profession or stipulate it for a subdivision during a modification series.
Prominent Structures of the Act