Economists Criticize Proposed Wage Code Formula's Low Weightage for Essential Services
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Economists Criticize Proposed Wage Code Formula's Low Weightage for Essential Services

Draft rules for India's Code on Wages propose a minimum wage calculation formula giving 25% weightage to education, health, recreation, and contingencies. Labour economists criticize this allocation as insufficient, citing rising costs for essential services and the state's reduced provisioning. The formula, based on a 1957 Indian Labour Conference recommendation, also outlines calorie intake, clothing, and housing needs for a standard family.

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