information about minimum wages

2. Concept on minimum wages
It is such a wage that it not
only guarantees bare
subsistence and preserves
efficiency but also provides
for education , medical
requirements and some level
of comfort.

3. Methodology of calculating poverty in relation
with minimum wages
• Suresh tendulkar
(15th Feb. 1939 – 21 June 2011)
• Pune university and Delhi
school of economics topper.
• PhD. Harvard university
• His committee decides
estimation of poverty
amount.

4. Suresh Tendulkar Committee
Prof. Suresh tendulkar (chairman) expenditure on food, education and
housing, and just calorific intake, to arrive
Dr. R. Radhakrishna. (member)
at the poverty line definition saw the
Prof. Raghav Ghaia (member) number of people living below the poverty
Dr. Suranjan sengupta (member) line rise.
Planning Commission, 2004
Planning Commission's submission
Anyone with a minimum intake
to the Supreme Court, 2011
of 2,400 calories in rural areas
Anyone with a daily expense below
and 2,100 in cities.
Rs.32 in urban areas, below
Rs.26 in rural areas.

5. People who survived on low wages
• Tushar, son of a police officer studied at
university of Pennsylvania and worked
for three years as an investment banker in
the U S and Singapore.
• MATT, studied at MIT. They both came
to India to work on a project, in the hope
that they could be of use to their country.
•They want to understand an average
Indian. So they decided to live on an
average income which would change
them forever.

6. People who survived on low wages
• They calculated Indian's mean national income which
was 150 per day.
• But globally people spend their on 1/3 amount on rent
so they decided to live on 100 per day.
•They spend their large part of day in organizing food
only.
•They could not afford eating outside, travel by
bus, could not afford to fall ill.
•They cut one lifebuoy in two. They innovated a dessert
Of fried banana on biscuits as Parle g was cheaper 25
paise for 27 calories.

7. Harrowing experience
They decided to go to Matt's ancestral village Karucachal in Kerala, and live on
Rs. 26.
• They ate parboiled rice, a tuber and banana and drank black tea: a balanced diet was
impossible on the Rs. 18 a day which their briefly adopted ‘poverty' permitted.
• They walked long distances to save money, no mobile , internet was allowed .
•The experience was very disaster of official poverty was harrowing for those two 26
year olds people.
•They have seen a life where freedom means little and hunger is plenty.

8. conclusion
At last , I want to say that in today’s
world it is very difficult to live on
such a low amount, there are
various people in our country who
are not able to have their savings
also. The amount which the
government decided is only for
survival not for living.