India to replace minimum wage with ‘living wage’
Context
India is preparing to replace the minimum wage with living wage by 2025 and has sought technical assistance from the International Labour Organization (ILO) to create a framework for estimating and operationalising these.
1: Dimension- Issues in India’s Minimum Wage Rate
2: Dimension- Significance of the Shift and Multidimensional Approach
Fact Box v About Living Wage
v About Minimum Wage
v Fair Wage
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