Indian Polity · Polity
Under the Code on Wages, 2019, the concept of 'floor wage' was introduced. Consider the following statements: 1. The floor wage is fixed by the Central Government after considering minimum living standards. 2. State Governments cannot fix minimum wages lower than the notified floor wage. 3. The floor wage is automatically indexed to CPI-Industrial Workers every quarter. 4. Minimum wages under the Code must include a basic wage component and may include a cost of living allowance. Which of the above statements are correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 11 and 2 only
- 21, 2, and 4 only✓
- 32 and 3 only
- 41 and 4 only
Correct answer
1, 2, and 4 only
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