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The Indian government mandates that this payment be at the rate of 15 days salary of the employee for each completed year of service subject to a maximum of ₹ 2000000. [ 24 ] The Payment of Bonus Act 1965 , which applies only to enterprises with over 20 people, requires bonuses are paid out of profits based on productivity.
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 workers.. The Indian Constitution has defined a 'living wage' that is the level of income for a worker which will ensure a basic standard of living including good health, dignity, comfort, education and provide for any contingency.
The Maharashtra Legislative Council or Maharashtra Vidhan Parishad is the upper house of the bicameral legislature of Maharashtra state in western India.
The Ministry of Labour & Employment is one of the oldest and most important Ministries of the Government of India.This is an India's federal ministry which is responsible for enforcement of labour laws in general and legislations related to a worker's social security. [2]
Labour laws (also spelled as labor laws), labour code or employment laws are those that mediate the relationship between workers, employing entities, trade unions, and the government. Collective labour law relates to the tripartite relationship between employee, employer, and union.
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The Commission had suggested that dearness allowance should be converted into dearness pay every time the cost of living rises by 50% over the base level. [ 3 ] The 6th Central Pay Commission recommended revision of base year of the Consumer Price Index (CPI) as frequently as feasible.It also changed base year for DA calculation to 2001 (base ...
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