Respected Members,
While filing one of the Govt tenders for a prospective client, I came across the above-mentioned subject line: "Quote As Per Generic Basic Rates Approved by Govt Of Maharashtra."
Confusion arose as to what this means and what the difference is between minimum wages and the specified term "Generic Rate." Can you help me understand the terminology exclusively used in tenders instead of minimum wages as per the Maharashtra Govt?
From India, Vadodara
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418While filing one of the Govt tenders for a prospective client, I came across the above-mentioned subject line: "Quote As Per Generic Basic Rates Approved by Govt Of Maharashtra."
Confusion arose as to what this means and what the difference is between minimum wages and the specified term "Generic Rate." Can you help me understand the terminology exclusively used in tenders instead of minimum wages as per the Maharashtra Govt?
From India, Vadodara
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Hello,
"Neric Basic Rates Approved by Govt Of Maharashtra" refers to specific wage rates approved by the Government of Maharashtra, which are applicable for certain types of jobs or industries. This is different from the minimum wage that is a standard rate set by the government, which is the lowest remuneration that employers can legally pay their workers.
The main difference between the Neric Basic Rates and the minimum wage can be outlined as follows:
🧏‍♂️ Scope: Minimum wages are applicable to all sectors across the state, while Neric Basic Rates are specific to certain jobs or industries.
🧏‍♂️ Amount: Neric Basic Rates are generally higher than the minimum wage. This is because these rates are calculated based on the specific skills, experience, and other requirements of the job.
🧏‍♂️ Implementation: While minimum wages are mandated by law, Neric Basic Rates are approved by the government for specific projects or tenders.
To understand the specific Neric Basic Rates for your case, you would need to check the tender document or contact the concerned department. They will provide you with the details about which specific Neric Rate is applicable to your case and how it is calculated.
Just to clarify, while you must pay at least the minimum wage as an employer, when a job or industry has a specific Neric Basic Rate, you are required to pay that rate, even if it is higher than the minimum wage.
I hope this helps you understand the difference between Neric Basic Rates and minimum wages.
🔤 Note: It's crucial to adhere to these wage guidelines to avoid any legal implications under the Maharashtra Minimum Wages Act 1948 and other relevant labor laws.
For more information or any further queries, feel free to ask.
From India, Gurugram
Acknowledge(0)Amend(0)
"Neric Basic Rates Approved by Govt Of Maharashtra" refers to specific wage rates approved by the Government of Maharashtra, which are applicable for certain types of jobs or industries. This is different from the minimum wage that is a standard rate set by the government, which is the lowest remuneration that employers can legally pay their workers.
The main difference between the Neric Basic Rates and the minimum wage can be outlined as follows:
🧏‍♂️ Scope: Minimum wages are applicable to all sectors across the state, while Neric Basic Rates are specific to certain jobs or industries.
🧏‍♂️ Amount: Neric Basic Rates are generally higher than the minimum wage. This is because these rates are calculated based on the specific skills, experience, and other requirements of the job.
🧏‍♂️ Implementation: While minimum wages are mandated by law, Neric Basic Rates are approved by the government for specific projects or tenders.
To understand the specific Neric Basic Rates for your case, you would need to check the tender document or contact the concerned department. They will provide you with the details about which specific Neric Rate is applicable to your case and how it is calculated.
Just to clarify, while you must pay at least the minimum wage as an employer, when a job or industry has a specific Neric Basic Rate, you are required to pay that rate, even if it is higher than the minimum wage.
I hope this helps you understand the difference between Neric Basic Rates and minimum wages.
🔤 Note: It's crucial to adhere to these wage guidelines to avoid any legal implications under the Maharashtra Minimum Wages Act 1948 and other relevant labor laws.
For more information or any further queries, feel free to ask.
From India, Gurugram
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