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Fixation and revision of minimum wages in the context of cooperatives are governed by the Minimum Wages Act, 1948, which applies to workers employed in various sectors, including cooperative societies. Minimum wages are the lowest remuneration that employers are legally required to pay workers for the work performed during a specified period. The objective is to ensure a fair standard of living for workers __________ ________ ________ ____ ______ _______ _______ ______ ______ ___ __________ ________.
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