ECONOMICS
INFLATION
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Gainers
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Losers
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Either A or B
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None of the above
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Detailed explanation-1: -It applies to all over India except Jammu and Kashmir. It applies to any employment if it employs 1000 employees in the respective state. It does not apply to any employees in any undertaking owned by the Central government or of the federal railway, except with the consent of the central government.
Detailed explanation-2: -Schedule Employment under the Minimum Wages Act, 1948. Employment in any woollen carpet making or shawl weaving establishment. Employment in any rice mill, flour mill or dal mill. Employment in any tobacco (including bidi making) manufactory.
Detailed explanation-3: -The Ministry of Labour sets the wage under the guidelines of the Minimum Wages Act which was passed in the year 1948. The act ensures a minimum amount which must be paid to the workers employed in a factory or industry.