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The concept of “floor wage” doesn’t weaken the existing safeguard of minimum wage. Minimum and timely payment of wages will apply to all employees in all sectors and no State Government can set wages below the notified floor wage. The statutory floor wage will be fixed by the Central Government after considering minimum living standards and consulting the tripartite Central Advisory Board and State Governments. States cannot reduce their existing minimum wage if it is already higher than the flo
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