Code on Wages Bill

Code on Wages Bill News

Wage imbalance

Income inequalities must be reduced. But a National Minimum Wage may have unintended consequences

Cabinet approves leasing out three major airports, hikes paddy MSP

The Wage Code Bill, which will subsume 44 labour laws, will allow the Centre to fix minimum wages for certain sectors, including railways and mines, while the states would be free to set minimum wages for other categories of employment.

Advertising

Polls ahead, Govt works to fix pensions and floor wages in informal sector

It is also working on funding an enhanced minimum monthly pension of Rs 3,000 for the 6 crore workers in the organised sector — up from the current promise of Rs 1,000 per month, sources said.

New wage code gets on track, three other labour codes under consultation

The Bill, which was introduced in Lok Sabha in August last year, proposes a national level minimum wage that will be applicable to all employments in organised and unorganised sectors.

Advertising