Consider the following statements about minimum wages in India:
1. The National Floor Level Minimum Wage is statutorily fixed by the Central Government.
2. The National Floor Level Minimum Wage is updated regularly based on CPI-Industrial Workers.
3. The Minimum Wages Act covers all workers.
Which of the statements given above is/are correct?
2 only
1 and 2 only
2 and 3 only
1, 2 and 3
The Central Government adopted non-statutory National Floor Level Minimum Wage (NFLMW). This NFLMW is updated regularly as per CPI-IW.
NFLMW, which has only persuasive value, as it lacked statutory backing, is revised every two years on the basis of rise in consumer price index for industrial workers (CPI-IW), in order to have a uniform wage structure and reduce the disparity in minimum wages across the country.
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