Civil Services UPSC EPFO (EO/AO) Mock Test 2023 Current Affairs Government Policies and Schemes Social Security Schemes
Which of the following statement about Code on Wages Act, 2019 stands incorrect?
1
It consolidates the provisions of four labour laws concerning wage and bonus payments and makes universal the provisions for minimum wages and timely payment of wages for all workers in India.
2
The Code repeals and replaces the Payment of Wages Act, 1936, the Minimum Wages Act, 1948, the Payment of Bonus Act, 1965 only.
3
The Code envisages uniform applicability of the provisions of timely payment of wages and minimum wages to all employees irrespective of the wage ceiling and sector.
4
As per the Code – (i) basic pay, (ii) dearness allowance and (iii) retaining allowance have been included as components of 'wages'.