GK
MARKETING MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Legislation
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Monetary policy
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Economic policy
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Consumer protection
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Detailed explanation-1: -An Act to provide for fixing minimum rates of wages in certain employments. WHEREAS it is expedient to provide for fixing minimum rates of wages in. certain employments; It is hereby enacted as follows.-Section.
Detailed explanation-2: -The Wage Code regulates wage and bonus payments in all employment. The Code combines the provision of the following four laws: (i) the Payment of Wages Act, 1936, (ii) the Minimum Wages Act, 1948, (iii) the Payment of Bonus Act, 1965, and (iv) the Equal Remuneration Act, 1976.
Detailed explanation-3: -Illustration: if the employee was terminated or removed from the employment by the employer on 10th of this month, his wage should be paid within 2 days from the day on which he was removed or terminated, i.e. his/her wage should be paid by 12th date of this month and this date should not exceed.
Detailed explanation-4: -The Minimum wages Act 1948 is an Act of Parliament that concerns laborers of India. Under this act, a minimum amount of wage is fixed and is to be paid by employers on a mandatory basis.