Union Cabinet approves new wage code bill to ensure minimum wage across all sectors

Posted on:27 Jul 2017 14:16:18
Union Cabinet approves new wage code bill to ensure minimum wage across all sectors
27 July 2017 Current Affairs: The Union Cabinet approved the Labour Code on Wages Bill which will ensure a minimum wage across all sectors by integrating existing labour related laws.

The Labour Code on Wages Bill consolidates the Minimum Wages Act, 1948, the Payment of Bonus Act, 1965, the Payment of Wages Act, 1936 and the Equal Remuneration Act, 1976.

It also marks the first major initiative of Union Government in amalgamating labour laws for improving the ease of doing business as well as ensuring universal minimum wage to all. The minimum wage will be applicable on all classes of workers, even workers getting a monthly pay of higher than Rs 18,000 will be legally entitled to a minimum wage.
The Union Cabinet approved the Labour Code on Wages Bill which will ensure a minimum wage across all sectors by integrating existing labour related laws.

The Labour Code on Wages Bill consolidates the Minimum Wages Act, 1948, the Payment of Bonus Act, 1965, the Payment of Wages Act, 1936 and the Equal Remuneration Act, 1976.

It also marks the first major initiative of Union Government in amalgamating labour laws for improving the ease of doing business as well as ensuring universal minimum wage to all. The minimum wage will be applicable on all classes of workers, even workers getting a monthly pay of higher than Rs 18,000 will be legally entitled to a minimum wage.

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