Minimum Wage New Rules 2025: Central Govt "Floor Wage" Power Explained | Labour Law Reforms скачать в хорошем качестве

Minimum Wage New Rules 2025: Central Govt "Floor Wage" Power Explained | Labour Law Reforms

The New Labour Codes officially came into effect on November 21, 2025! In this video, we break down the Code on Wages, 2019 to understand the new procedure for fixing Minimum Wages and the critical concept of "Floor Wage" (National Floor Level Minimum Wage). In this video, you will learn: ✅ Floor Wage vs. Minimum Wage: What is the difference? ✅ The Procedure: How the Central & State Governments fix wages now. ✅ The Formula: Criteria like calorie intake, clothing, and housing used to calculate wages. ✅ Impact on You: Will your in-hand salary increase after these rules? The Code on Wages replaces 4 old laws (including the Minimum Wages Act, 1948) and gives the Central Government the power to set a "Floor Wage" below which no state can reduce salaries. Topics Covered: Code on Wages 2019 Section 9 (Floor Wage) Procedure for fixing Minimum Wage (Committee vs Notification Method) Variable Dearness Allowance (VDA) Impact on Private & Govt Employees 🔔 Subscribe for more updates on Indian Labour Laws & Economics: #newlabourcode #minimumwages #FloorWage #CodeOnWages2019 #salaryhike #indianeconomy #upsc #legalupdates