Definition
Minimum wages are the lowest wages an employer must pay, notified by the central government and by each state for different skill levels and areas, and revised periodically (including variable dearness allowance). Manpower tenders on GeM are commonly priced on the applicable minimum wage plus statutory costs plus a service charge, so you must know which notification applies to the work location.
In simple words
Minimum wage = sarkar ki tay ki hui sabse kam tankhwah. Isse kam rate dena galat hai.
Related terms
Guides on this topic
This is a general explanation. Confirm exact limits, percentages and timelines in the bid document and on gem.gov.in.
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