The Government is not only committed to periodic review and revision of the minimum rates of wages but also to extend its coverage across employments and provide for floor wage. Accordingly, the provisions of the Minimum Wages Act, 1948, have been rationalized and amalgamated in the Code on Wages Act, 2019, as passed by the Parliament and notified on 08.08.2019. The Code on Wages, 2019, provides for universal minimum wage and floor wage across employments in organized and unorganized sector ... MINIMUM definition: 1. the smallest amount or number allowed or possible: 2. used to describe something that is the…. Learn more. This article explains the minimum wage in India, how it is calculated, and other crucial details. What is the Minimum Wage in India? The Indian parliament enacted the Minimum Wage Act in 1948 to set minimum wages for specific ‘scheduled employment’ categories across the country. These are the minimum wages that employers must pay to workers. a minimum rate of wages for piece work (hereinafter referred to as “a minimum piece rate”); a minimum rate of remuneration to apply in the case of employees employed on piece work for the purpose of securing to such employees a minimum rate of wages on a time work basis (hereinafter referred to as “a guaranteed time rate”).
