Choose given statement is true/false:

The minimum wages are revised upwards every few years.

see full answer

Your Exam Success, Personally Taken Care Of

1:1 expert mentors customize learning to your strength and weaknesses – so you score higher in school , IIT JEE and NEET entrance exams.

An Intiative by Sri Chaitanya

True

False

answer is A.

(Unlock A.I Detailed Solution for FREE)

Best Courses for You

JEE

NEET

Foundation JEE

Foundation NEET

CBSE

Detailed Solution

The above statement is true. The Indian labour law that sets the minimum wages that must be paid to skilled and unskilled labourers is known as the Minimum Wages Act of 1948. Workers were denied wages and were exploited at the hands of contractors. To ensure the interests of labourers, the Minimum Wages Act came into force. Under the Minimum Wages Act, both the federal and state governments have the power to revise and fix minimum wages. The minimum wage rates on a per-day basis are ensured in the Minimum Wages Act, which extends to the entire country and is revised every few years for not less than five years.

Watch 3-min video & get full concept clarity