Pre f ace Chapter 1 Cb""- pter 2 CONTENTS I NT ROD UCT ION CONCEPT OF WAGES Wages and salary - 16 statutory Definitions - 22 Wages Under the Payment of Wages Act 1936 - 23 wages Under the Indus- trial Disputes Act 1947- 36 Definition of Wages under Other Enactments 39 . . pages i-iv 1-13 14-44 Chapter 3 Uniform Definition COMPONENTS OF WAGES - 40 45-89 Wage - 45 Dearness Allowance - 48 Standard of Living and Cost of Living - 50 Neutralisation by Dearness Allowance - 56 Inflationary spiral - 57 Duty to share sacrifice- 62
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Pre f ace
Chapter 1
Cb""-pter 2
CONTENTS
I N T ROD U C T ION
CONCEPT OF WAGES
Wages and salary - 16
statutory Definitions - 22
Wages Under the Paymentof Wages Act 1936 - 23
wages Under the Industrial Disputes Act 1947- 36
Definition of Wagesunder Other Enactments ~ 39
..
pages
i-iv
1-13
14-44
Chapter 3
Uniform Definition
COMPONENTS OF WAGES
- 40
45-89
~asic Wage - 45
Dearness Allowance - 48
Standard of Living andCost of Living - 50
Neutralisation byDearness Allowance - 56
Inflationary spiral - 57
Duty to share sacrifice- 62
vi
Dearness AllowanceFormula
Flat Rate System
- 63
- 64
Page,
Chapter 4
Wage linked slab system- 65
value Per Index Pointsystem - 71
Same Dearness Allowancefor same Wages? - 74
capacity of Employerto pay - 79
Monetary value ofbenefits. - 82
Merger of DearnessAllowance with Pay - 85
WAGE POLICY IN A WELFARE STATE
Social Justice in India- 92
Labour policy in India - 97
Labour poli~y After theFirst World War - 98
Labour policy After theSecond World War - 99
New Phase Towards aWelfare State -101
Industrial TruceResolution 1947 -102
Industrial policyResolution 1948 -103
Industrial policyResolution 1956 -105
90-10
vii
Pages
Chapter 5 WAGE POLICY AND THE FIVE YEAR PLANS 108-132