Why minimum wages are revised after every two years
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According to Section 3 of the Minimum wages act, it is the responsibility of the appropriate government to set a specific yardstick. Apart from fixing the minimum rate, the appropriate government shall also conduct periodic reviews within a span of five years of fixing such rates and revise the same if felt necessary.
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The Minimum Wages Act 1948 is an Act of Parliament concerning Indian labour law that sets the minimum wages that must be paid to skilled and unskilled labours.
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