What is Minimum Wages Act 1948 Slideshare?
30 relating to wage fixing machinery in trades or parts of trades. A Minimum Wages Bill was introduced in the Central Legislative Assembly on 11.4. 46 to provide for fixation of minimum wages in certain employments. It was passed in 1946 and came into force with effect from 15.3.
What is minimum wages under Minimum Wages Act 1948?
The family should be taken as five units instead of three. The Minimum Wages Act should cover all employments….
| Category of worker | Rates of wages including V.D.A. (in Rupees) Per Day | |
|---|---|---|
| Skilled Clerical | 523+ 116=639 | 610+ 135=745 |
| Highly Skilled | 610+ 135=745 | 683+ 149=832 |
What is the main objective behind the minimum of wages act?
OBJECTIVES OF THE MINIMUM WAGES ACT- To ensure that the employee can have the basic physical needs, good health and a level of comfort. To ensure a secure and adequate living wage for all laborers in the interest of the public. To ensure that the employee has enough to provide for his family.
What is Minimum Wage Act 1948 explain its salient features?
The Minimum Wages Act, 1948, is an Act to provide for fixing minimum rates of wages in certain employments. The policy of the Act is to prevent the employment of such sweated labour in the interest of general public and so in prescribing the minimum rates, the capacity of the employer need not be considered.
What are the different types of wages?
Types of Wages:
- Piece Wages: Piece wages are the wages paid according to the work done by the worker.
- Time Wages: If the labourer is paid for his services according to time, it is called as time wages.
- Cash Wages: ADVERTISEMENTS:
- Wages in Kind:
- Contract Wages:
What is the meaning of Minimum Wages Act?
Minimum Wages Act was first enacted by the Central Legislative Assembly in the year a 1948. The primary intention behind this Act was to bridge the wage disparity between different work personals in an employment. This Act fixes the minimum rates of wage in certain types of employments.
Who comes under Minimum Wages Act?
(i) “employee” means any person who is employed for hire or reward to do any work, skilled or unskilled, manual or clerical, in a scheduled Page 6 employment in respect of which minimum rates of wages have been fixed; and includes an out-worker to whom any articles or materials are given out by another person to be …
What are the different kinds of wages?
What is the concept of minimum wage?
Minimum wages have been defined as “the minimum amount of remuneration that an employer is required to pay wage earners for the work performed during a given period, which cannot be reduced by collective agreement or an individual contract”. The purpose of minimum wages is to protect workers against unduly low pay.
Who is authorize to fix minimum wages?
According to Section 3 of the Minimum wages act, it is the responsibility of the appropriate government to set a specific yardstick. Apart from fixing the minimum rate, the appropriate government shall also conduct periodic reviews within a span of five years of fixing such rates and revise the same if felt necessary.
What was a feature of the Minimum Wage Act of 1948?
Salient features of the Minimum Wages Act, 1948. 1. The Act applied to certain employments (listed in the Schedule). Both the governments (Central and State) have to declare minimum wages for their sphere. The appropriate government may add any employment to the list if there are 1000 workers are working in that state.
Is there any act on minimum wages in India?
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.
Is the Minimum Wage Act going to be amended?
The Minimum Wages Act is to be amended with plans to set a national floor for minimum wages for workers across professions. The Centre is to amend labour laws – said the labour and employment minister to parliament on 16th July, 2014. Minimum Wage in Australia – The minimum wage means the absolute lowest wage paid to an employee.
What does Section 2 of the Minimum Wage Act mean?
Wages Section 2 (h): “wages” means all remuneration, capable of being expressed in terms of money, which would, if the terms of the contract of employment, express or implied, were fulfilled, be payable to a person employed in respect of his employment or of work done in such employment. 7. Employee
