Lawstreet Journal

The Ministry of Labour and Employment drafts Code of wages, 2019, Likely to implement it by September this year

Lawstreet Journal 10 Jul 2020 9:52pm

Image courtesy: Lawstreet Journal Executive The Ministry of Labour and Employment drafts Code of wages, 2019, Likely to implement it by September this year

The Ministry of Labour and Employment has put in place The Code of Wages, 2019, the first law under labor reforms which is likely to be implemented by September this year. The Parliament approved the code in August last year to enable the introduction of minimum payment of wages for every worker besides covering issues such as delay in payment of employees.

The Labour Ministry introduced the draft rules issued on 7th July in the official gazette. 

A Senior Labour Ministry said “The draft rules on the code would be open for public feedback for 45 days from 7th July 2019, the day when the labor ministry notified those in the gazette. If everything goes well then the draft rules would be implemented by September after taking into consideration public comments.”

Labour minister Santosh Gangwar has stated that around 50 Crore workers in the country will be benefitted from this code.

The Code of Wages Bill, 2019 was introduced to consolidate matters connected with wages, bonuses, etc. It was passed in Rajya Sabha on 2nd August 2019. Lok Sabha passed the bill on 30th July 2019.

The Code will subsume for labor laws- Minimum Wages Act, Payment of Wages Act, Payment of Bonus Act, and Equal Remuneration Act. After the introduction of this act, all these four acts will be repealed. 

The code has universalized the provision and applies to everyone irrespective of the sector and ceiling. 

There are 12 different definitions of wages in different labor laws this has been simplified by introducing the code as… Continue Reading...


Tagged: Ministry of Labour & Employment  
Disclaimer: SoOLEGAL in Media collaboration with Lawstreet Journal. SoOLEGAL take no responsbility for the content provided by Lawstreet Journal. For any discrepancies Contact Lawstreet Journal.
Did you find this write up useful? YES 0 NO 0
Featured Members view all

New Members view all

×

C2RMTo Know More

Something Awesome Is In The Work

0

DAYS

0

HOURS

0

MINUTES

0

SECONDS

Sign-up and we will notify you of our launch.
We’ll also give some discount for your effort :)

* We won’t use your email for spam, just to notify you of our launch.