ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -[11 OF 1948] An Act to provide for fixing minimum rates of wages in certain employments.

Detailed explanation-2: -India introduced the Minimum Wages Act in 1948, giving both the Central government and State government jurisdiction in fixing wages. The act is legally non-binding, but statutory. Payment of wages below the minimum wage rate amounts to forced labour.

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.

Detailed explanation-4: -5. As per Section 2(e) of the Minimum Wages Act, 1948, employer includes ………….. (b) In any scheduled employment under the control of Central Government; the person or authority appointed for the supervision and control of employees. 6.