Revision Of Minimum Wages

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Revision of minimum wages

As per the section 3 of the wages act, the “appropriate Government shall fix the minimum rates of wages.” In 1948 there was a committee established for the fair wage to the employees. The Indian Government has made it mandatory for the employers to ensure their workers the standard of living, comfort, dignity, education, sanity, health, and provide for any contingency. The minimum wage not just defines the wage subsistence but also provide the employees with the all the levels of comfort, medical requirements and also education. Also, the government has made it mandatory to provide the workers working in a factory with minimum wages. The final came the revision of minimum wages.

The main provision of the act:

The Government fixes the minimum wage rates payable to the workers, working in a factory. Also, the Government reviews and revises the wages rate annually. The term ‘Minimum wages’ seems small but it covers the whole of India. Every state has to follow the rules set by the Act, 1948.

According to Section 3(1)(b), the ‘appropriate Government’ may review at such intervals as it may fit, such intervals not exceeding five years, and revise the minimum rate of wages, if necessary. This means that minimum wages can be revised earlier than five years also.

 

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