10. Manner of fixing floor wage.-
(1) For fixing the floor wage, the Central Government may consult the Board, taking into account the minimum living standard including the food, clothing, housing and any other factors considered appropriate by the Central Government from time to time.
(2) The consultation under sub-rule (1) may be circulated to all the State Governments for further consultation and their comments.
(3) The consultation of the Board and the views of the State Governments received may be considered before fixing the floor wage under sub-rule (1).
(4) The Central Government may revise the floor wage fixed under sub-rule (1) ordinarily at an interval not exceeding five years and undertake adjustment for variations in the cost of living periodically in consultation with the Board and the State Governments.